# PPP loan: MCVAY DRILLING COMPANY
> **$785K** approved 03/31/2021 · Paid in Full · Loan `3608238710`
## Borrower
- **Name:** MCVAY DRILLING COMPANY
- **Address:** 401 E Bender Blvd, Hobbs, NM, 88240-2332
- **NAICS:** 213111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $785K
- **Initial approval:** $785K
- **Forgiven:** $774K (99%)
- **Forgiveness date:** 04/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $785K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*