ALLEN WATER WELL DRILLING CO. (OK) - 2020 PPP Loan Borrower Profile (# 7166037005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALLEN WATER WELL DRILLING CO.. 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 Oklahoma.

Loan Detail

Loan Number

7166037005

SBA Office Code

0680

Processing Method

PPP

Curent Loan Amount

$42,000

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$42,343

Date Loan was Forgiven

Feb 4, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

42,000

Lender

Arvest Bank

Business Detail

Business Type

Corporation

NAICS

237110

Borrower Location

NORMAN, OK

Project Location

NORMAN, OK

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.