# PPP loan: UNITED DRILL BUSHING CORP
> **$1.00M** approved 02/18/2021 · Paid in Full · Loan `9906078400`
## Borrower
- **Name:** UNITED DRILL BUSHING CORP
- **Address:** 12200 Woodruff Ave, Downey, CA, 90241-5608
- **NAICS:** 333999
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 09/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1000K
- **Utilities:** $1
- **Jobs reported:** 100
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*