# PPP loan: NORAM DRILLING COMPANY
> **$5.50M** approved 04/28/2020 · Paid in Full · Loan `9594137202`
## Borrower
- **Name:** NORAM DRILLING COMPANY
- **Address:** 8400 N Sam Houston Parkway West Suite 12o, Houston, TX, 77064-3461
- **NAICS:** 211120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.50M
- **Initial approval:** $5.50M
- **Forgiven:** $5.56M (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.50M
- **Jobs reported:** 100
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*