# PPP loan: LONG FOUNDATION DRILLING CO.
> **$1.73M** approved 04/05/2020 · Exemption 4 · Loan `5571057005`
## Borrower
- **Name:** LONG FOUNDATION DRILLING CO.
- **Address:** 3014 Brandau Rd, NASHVILLE, TN, 37205
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.73M
- **Initial approval:** $1.73M
- **Forgiven:** $1.39M (80%)
- **Forgiveness date:** 12/08/2020
- **Status:** Exemption 4
- **Term:** 62 months
## Use of funds
- **Payroll:** $1.60M
- **Rent:** $45K
- **Utilities:** $12K
- **Health care:** $59K
- **Debt interest:** $15K
- **Jobs reported:** 91
## Lender
- **Originating:** First United Bank and Trust Company
- **Servicing:** First United Bank and Trust Company (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*