PPP Loan information for Bayou state oil corporation

$552,500

Bayou state oil corporation was initially approved for PPP Loan of amount $552,500, the current approved amount is $552,500. The loan was approved on 04/13/2020 by The Cadence Bank reported 38 jobs and $552,500 was used to fund payroll.

Bayou state oil corporation is Existing or more than 2 years old

PPP Loan Search / LA / SHREVEPORT / Bayou state oil corporation

BAYOU STATE OIL CORPORATION

Date Approved

04/13/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

BAYOU STATE OIL CORPORATION

Borrower Address

1115 HAWN AVE

Borrower City

SHREVEPORT

Borrower State

LA

Borrower Zip

71107-6609

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

552500.00

Current Approval Amount

552500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39848

Servicing Lender Name

Cadence Bank

Servicing Lender Address

201 S Spring St

Servicing Lender City

TUPELO

Servicing Lender State

MS

Servicing Lender Zip

38804-4811

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SHREVEPORT

Project County Name

CADDO

Project State

LA

Project Zip

71107-6609

CD

LA-04

Jobs Reported

38

NAICS Code

213111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

552500.00

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

39848

Originating Lender

Cadence Bank

Originating Lender City

TUPELO

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

555722.92

Forgiveness Date

11/19/2020

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