# PPP loan: KUTSCHER DRILLING LTD
> **$168K** approved 04/30/2020 · Paid in Full · Loan `6501157304`
## Borrower
- **Name:** KUTSCHER DRILLING LTD
- **Address:** 3810 HUNTER RD, SAN MARCOS, TX, 78666
- **NAICS:** 221111
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $168K
- **Initial approval:** $168K
- **Forgiven:** $171K (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $168K
- **Jobs reported:** 16
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*