ADVANCED DRILLING EQUIPMENT SUPPLY COMPANY, LLC (CO) - 2020 PPP Loan Borrower Profile (# 5363887100)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED DRILLING EQUIPMENT SUPPLY COMPANY, LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Colorado.

Loan Detail

Loan Number

5363887100

SBA Office Code

0811

Processing Method

PPP

Curent Loan Amount

$641,000

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$648,389.31

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

480,750

Rent Proceed

160,250

Lender

Timberline Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

211120

Borrower Location

FRUITA, CO

Project Location

FRUITA, CO

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.