# PPP loan: DOWNHOLE DRILLING SERVICES, LLC
> **$1.30M** approved 04/09/2020 · Exemption 4 · Loan `9287907001`
## Borrower
- **Name:** DOWNHOLE DRILLING SERVICES, LLC
- **Address:** 1244 Petroleum Parkway 0.0, Broussard, LA, 70518-8053
- **NAICS:** 213111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.10M (84%)
- **Forgiveness date:** 08/18/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.12M
- **Rent:** $34K
- **Utilities:** $38K
- **Health care:** $89K
- **Debt interest:** $22K
- **Jobs reported:** 75
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*