# PPP loan: SEARLES WELL DRILLING, INC.
> **$228K** approved 04/08/2020 · Paid in Full · Loan `7971987000`
## Borrower
- **Name:** SEARLES WELL DRILLING, INC.
- **Address:** 13035 COUNTY ROAD 25, NEW ULM, MN, 56073-5191
- **NAICS:** 561790
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $229K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $228K
- **Jobs reported:** 18
## Lender
- **Originating:** Pioneer Bank
- **Servicing:** Pioneer Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*