PPP Loan information for Downhole stabilization, inc.

$307,911

Downhole stabilization, inc. was initially approved for PPP Loan of amount $307,911, the current approved amount is $307,911. The loan was approved on 05/01/2020 by The Customers Bank reported 21 jobs and $307,911 was used to fund payroll.

Downhole stabilization, inc. is Existing or more than 2 years old

PPP Loan Search / CA / BAKERSFIELD / Downhole stabilization, inc.

DOWNHOLE STABILIZATION, INC.

Date Approved

05/01/2020

SBA Office Code

0942

Processing Method

PPP

Borrower Name

DOWNHOLE STABILIZATION, INC.

Borrower Address

3515 thomas way

Borrower City

BAKERSFIELD

Borrower State

CA

Borrower Zip

93308

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

307911.00

Current Approval Amount

307911.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BAKERSFIELD

Project County Name

KERN

Project State

CA

Project Zip

93308-0001

CD

CA-20

Jobs Reported

21

NAICS Code

333132

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

307911.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

121536

Originating Lender

Customers Bank

Originating Lender City

Malvern

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

312508.58

Forgiveness Date

11/17/2021

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