# PPP loan: MDS BORING %26 DRILLING INC
> **$2.31M** approved 04/11/2020 · Paid in Full · Loan `2871567101`
## Borrower
- **Name:** MDS BORING %26 DRILLING INC
- **Address:** 11900 Hirsch Rd 0.0, Houston, TX, 77050-2511
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.31M
- **Initial approval:** $2.31M
- **Forgiven:** $2.33M (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.31M
- **Jobs reported:** 147
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*