# PPP loan: MUNOZ FOUNDATION DRILLING INC
> **$291K** approved 02/05/2021 · Paid in Full · Loan `3996778404`
## Borrower
- **Name:** MUNOZ FOUNDATION DRILLING INC
- **Address:** 3910 S BRIDGE AVE, WESLACO, TX, 78596
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $291K
- **Initial approval:** $291K
- **Forgiven:** $296K (102%)
- **Forgiveness date:** 12/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $291K
- **Utilities:** $1
- **Jobs reported:** 48
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*