# PPP loan: DYNOMAX DRILLING TOOLS USA INC
> **$275K** approved 02/07/2021 · Paid in Full · Loan `4948578403`
## Borrower
- **Name:** DYNOMAX DRILLING TOOLS USA INC
- **Address:** 2830 Farrell Rd, Houston, TX, 77073-4106
- **NAICS:** 333132
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $275K
- **Jobs reported:** 14
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*