# PPP loan: DOWNHOLE INSPECTION INC.
> **$697K** approved 01/28/2021 · Paid in Full · Loan `7435928301`
## Borrower
- **Name:** DOWNHOLE INSPECTION INC.
- **Address:** 1220 S Stockton Ave, Monahans, TX, 79756-6025
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $697K
- **Initial approval:** $697K
- **Forgiven:** $706K (101%)
- **Forgiveness date:** 06/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $697K
- **Utilities:** $1
- **Jobs reported:** 55
## Lender
- **Originating:** American Momentum Bank
- **Servicing:** American Momentum Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*