# PPP loan: ADVANCED DRILLING EQUIPMENT SUPPLY COMPANY, LLC
> **$641K** approved 04/13/2020 · Paid in Full · Loan `5363887100`
## Borrower
- **Name:** ADVANCED DRILLING EQUIPMENT SUPPLY COMPANY, LLC
- **Address:** 859 E GRAND AVE, FRUITA, CO, 81521-3017
- **NAICS:** 211120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $641K
- **Initial approval:** $641K
- **Forgiven:** $648K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $481K
- **Rent:** $160K
- **Jobs reported:** 22
## Lender
- **Originating:** Timberline Bank
- **Servicing:** Timberline Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*