# PPP loan: APPLIED DRILLING ENGINEERING INC.
> **$176K** approved 03/10/2021 · Paid in Full · Loan `8923908506`
## Borrower
- **Name:** APPLIED DRILLING ENGINEERING INC.
- **Address:** 2860 Scherer Dr N Ste 640, Saint Petersburg, FL, 33716-1021
- **NAICS:** 237110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $178K (101%)
- **Forgiveness date:** 12/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $176K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** The Bank of Tampa
- **Servicing:** The Bank of Tampa (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*