Mcg Drilling & Completing LLC

$480,127 PPP Loan in Coppell, Texas

Loan Details

Loan Number
2946897700
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$480,127
Current Approval
$480,127
Forgiveness Amount
$487,172
Forgiveness Date
Oct 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mcg Drilling & Completing LLC
Address
132 Rustic Meadow Way
State
Texas
ZIP Code
75019
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Mining, Quarrying, and Oil and Gas Extraction (213111)
Business Age
Existing or more than 2 years old
Jobs Reported
250
Estimated Revenue
$15.2M
Rural/Urban
Urban
Congressional District
TX-24

Loan Use Breakdown

Payroll
$439,027
Rent
$3,600
Utilities
$2,500
Health Care
$10,000
Debt Interest
$25,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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