# PPP loan: MASELLIS DRILLING INC
> **$203K** approved 04/14/2020 · Paid in Full · Loan `7875627106`
## Borrower
- **Name:** MASELLIS DRILLING INC
- **Address:** 119 ALBERS RD, MODESTO, CA, 95357-1701
- **NAICS:** 213111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Forgiven:** $205K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Utilities:** $20K
- **Health care:** $16K
- **Jobs reported:** 13
## Lender
- **Originating:** BAC Community Bank
- **Servicing:** BAC Community Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*