# PPP loan: RUSSELL DRILLING CO., INC.
> **$162K** approved 04/08/2020 · Paid in Full · Loan `8657597008`
## Borrower
- **Name:** RUSSELL DRILLING CO., INC.
- **Address:** 15286 US HIGHWAY 259, NACOGDOCHES, TX, 75965-8302
- **NAICS:** 213111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Mortgage interest:** $17K
- **Utilities:** $15K
- **Jobs reported:** 13
## Lender
- **Originating:** Commercial Bank of Texas, N.A.
- **Servicing:** Commercial Bank of Texas, N.A. (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*