Magnum Drilling, INC

$39,200 PPP Loan in Ashland, Kentucky

Loan Details

Loan Number
7570277902
Date Approved
Jun 17, 2020
Loan Status
Paid in Full
Initial Approval
$39,200
Current Approval
$39,200
Forgiveness Amount
$39,364
Forgiveness Date
Nov 23, 2020
Term
60 months
Draw
First Draw

Business Information

Business Name
Magnum Drilling, INC
Address
9501 State Route 5
ZIP Code
41102-8555
Business Type
Corporation
Industry (NAICS)
Mining, Quarrying, and Oil and Gas Extraction (213111)
Business Age
Existing or more than 2 years old
Jobs Reported
7
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
KY-05

Loan Use Breakdown

Payroll
$31,360
Utilities
$3,920
Mortgage Interest
$3,920

Lender Information

Servicing Lender
Peoples Bank
Originating Lender
Peoples Bank

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