# PPP loan: MCG DRILLING & COMPLETION LLC
> **$503K** approved 01/22/2021 · Paid in Full · Loan `4124498302`
## Borrower
- **Name:** MCG DRILLING & COMPLETION LLC
- **Address:** 103 N Sycamore, Archer City, TX, 76351-1527
- **NAICS:** 213111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $503K
- **Initial approval:** $503K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $503K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Amur Equipment Finance, Inc.
- **Servicing:** Amur Equipment Finance, Inc. (NE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*