PPP Loan information for Arlex oil corp

$508,000

Arlex oil corp was initially approved for PPP Loan of amount $508,000, the current approved amount is $508,000. The loan was approved on 02/05/2021 by The Salem Five Cents Savings Bank reported 46 jobs and $508,000 was used to fund payroll.

Arlex oil corp is Existing or more than 2 years old

PPP Loan Search / MA / Lexington / Arlex oil corp

ARLEX OIL CORP

Date Approved

02/05/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

ARLEX OIL CORP

Borrower Address

275 Massachusetts Ave

Borrower City

Lexington

Borrower State

MA

Borrower Zip

02420-4017

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

508000.00

Current Approval Amount

508000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33304

Servicing Lender Name

Salem Five Cents Savings Bank

Servicing Lender Address

210 Essex St

Servicing Lender City

SALEM

Servicing Lender State

MA

Servicing Lender Zip

01970-3705

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Lexington

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02420-4017

CD

MA-05

Jobs Reported

46

NAICS Code

454310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

508000.00

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

Subchapter S Corporation

Originating Lender Location Id

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

510427.11

Forgiveness Date

08/02/2021

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