# PPP loan: WYLIE DRILLING & DRAINAGE, INC
> **$515K** approved 04/07/2020 · Paid in Full · Loan `6996487005`
## Borrower
- **Name:** WYLIE DRILLING & DRAINAGE, INC
- **Address:** 413 WELCH DR, FARMERSVILLE, TX, 75442-3415
- **NAICS:** 213115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $515K
- **Initial approval:** $515K
- **Forgiven:** $521K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $488K
- **Rent:** $20K
- **Utilities:** $8K
- **Jobs reported:** 34
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*