# PPP loan: DRILLCO EQUIPMENT COMPANY INC
> **$152K** approved 05/01/2020 · Paid in Full · Loan `6442097701`
## Borrower
- **Name:** DRILLCO EQUIPMENT COMPANY INC
- **Address:** 1005 35TH AVE, LONG ISLAND CITY, NY, 11106-5017
- **NAICS:** 333131
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Jobs reported:** 8
## 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*