2M FOUNDATION DRILLING INC (TX) - 2020 PPP Loan Borrower Profile (# 1455257207)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to 2M FOUNDATION DRILLING INC. 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 Texas.
Loan Detail
Loan Number
1455257207
SBA Office Code
0610
Processing Method
PPP
Curent Loan Amount
$12,771
Date Loan was Approved
Apr 15, 2020
Amount Forgiven
$12,916.55
Date Loan was Forgiven
Jun 14, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Payroll Proced
10,771
Rent Proceed
2,000
Lender
The First Bank of Celeste
Business Detail
Business Type
Corporation
NAICS
238910
Borrower Location
FARMERSVILLE, TX
Project Location
FARMERSVILLE, TX
Rural/Urban
Rural
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
5
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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