# PPP loan: TEI ROCK DRILLS INC
> **$505K** approved 02/24/2021 · Paid in Full · Loan `3649628509`
## Borrower
- **Name:** TEI ROCK DRILLS INC
- **Address:** 210 Apollo Rd, Montrose, CO, 81401-4855
- **NAICS:** 333120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $508K (101%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $505K
- **Utilities:** $1
- **Jobs reported:** 37
## Lender
- **Originating:** Bank of Colorado
- **Servicing:** Bank of Colorado (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*