2M FOUNDATION DRILLING INC (TX) - 2020 PPP Loan Borrower Profile (# 3198238706)

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

3198238706

SBA Office Code

0610

Processing Method

PPS

Curent Loan Amount

$38,560.05

Date Loan was Approved

Mar 30, 2021

Amount Forgiven

$38,875.93

Date Loan was Forgiven

Feb 3, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

38,560.05

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

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.