# PPP loan: LOVELADY DIRECTIONAL DRILLING, LLC
> **$189K** approved 04/08/2020 · Paid in Full · Loan `7952987005`
## Borrower
- **Name:** LOVELADY DIRECTIONAL DRILLING, LLC
- **Address:** 220 BOX LN, HUNTINGTON, TX, 75949-4206
- **NAICS:** 237120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Utilities:** $38K
- **Jobs reported:** 12
## Lender
- **Originating:** Commercial Bank of Texas, N.A.
- **Servicing:** Commercial Bank of Texas, N.A. (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*