Advanced Drilling Equipment Supply Company, LLC

$641,000 PPP Loan in Fruita, Colorado

Loan Details

Loan Number
5363887100
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$641,000
Current Approval
$641,000
Forgiveness Amount
$648,389
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Advanced Drilling Equipment Supply Company, LLC
Address
859 E Grand Ave
City
Fruita
ZIP Code
81521-3017
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Mining, Quarrying, and Oil and Gas Extraction (211120)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
CO-03

Loan Use Breakdown

Payroll
$480,750
Rent
$160,250

Lender Information

Servicing Lender
Timberline Bank
Originating Lender
Timberline Bank

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