# PPP loan: MAXON DRILLING LLC
> **$174K** approved 04/06/2020 · Paid in Full · Loan `5608687000`
## Borrower
- **Name:** MAXON DRILLING LLC
- **Address:** 805 E Business 380, Decatur, TX, 76234-1651
- **NAICS:** 237110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $174K
- **Utilities:** $500
- **Jobs reported:** 20
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*