# PPP loan: VERSATILE DRILLING CONTRACTORS INC.
> **$481K** approved 01/29/2021 · Paid in Full · Loan `8411978305`
## Borrower
- **Name:** VERSATILE DRILLING CONTRACTORS INC.
- **Address:** 7201 DETROIT AVE SW, SEATTLE, WA, 98108
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $481K
- **Initial approval:** $481K
- **Forgiven:** $483K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $481K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*