# PPP loan: LAMBERT & CO. DRILLING INC.
> **$248K** approved 01/22/2021 · Paid in Full · Loan `3633408301`
## Borrower
- **Name:** LAMBERT & CO. DRILLING INC.
- **Address:** 308 E Hitt St, Mount Morris, IL, 61054-1210
- **NAICS:** 212312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $248K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Farmers National Bank
- **Servicing:** Farmers National Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*