# PPP loan: RADIAL DRILLING SERVICES INC
> **$256K** approved 05/01/2020 · Charged Off · Loan `5136767709`
## Borrower
- **Name:** RADIAL DRILLING SERVICES INC
- **Address:** 4921 SPRING CYPRESS RD, SPRING, TX, 77379-3444
- **NAICS:** 213111
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $256K
- **Initial approval:** $256K
- **Forgiven:** $197K (77%)
- **Forgiveness date:** 08/25/2022
- **Status:** Charged Off
- **Term:** 18 months
## Use of funds
- **Payroll:** $256K
- **Jobs reported:** 20
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*