BETTS DRILLING, LLC (OK) - 2020 PPP Loan Borrower Profile (# 5002067008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BETTS DRILLING, 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 Oklahoma.

Loan Detail

Loan Number

5002067008

SBA Office Code

0680

Processing Method

PPP

Curent Loan Amount

$236,700

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$238,613.05

Date Loan was Forgiven

Feb 4, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

748.94

Payroll Proced

231,315.36

Rent Proceed

3,000

Health Care Proceed

1,635.7

Lender

First United Bank and Trust Company

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238990

Borrower Location

OKLAHOMA CITY, OK

Project Location

OKLAHOMA CITY, OK

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.