# PPP loan: TURBO DRILL INDUSTRIES, INC
> **$5.73M** approved 04/09/2020 · Exemption 4 · Loan `9085507001`
## Borrower
- **Name:** TURBO DRILL INDUSTRIES, INC
- **Address:** 1125 BEACH AIRPORT RD, CONROE, TX, 77301-7169
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.73M
- **Initial approval:** $5.73M
- **Forgiven:** $3.19M (56%)
- **Forgiveness date:** 11/01/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $5.73M
- **Jobs reported:** 301
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*