# PPP loan: RIG MASTERS, INC.
> **$650K** approved 04/08/2020 · Paid in Full · Loan `7849397007`
## Borrower
- **Name:** RIG MASTERS, INC.
- **Address:** 6601 HIGHWAY 565, MONTEREY, LA, 71354-4101
- **NAICS:** 237120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $650K
- **Initial approval:** $650K
- **Forgiven:** $655K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $488K
- **Mortgage interest:** $81K
- **Utilities:** $81K
- **Jobs reported:** 50
## Lender
- **Originating:** Delta Bank
- **Servicing:** Delta Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*