PPP Loan information for Freestate petroleum corporation

$228,800

Freestate petroleum corporation was initially approved for PPP Loan of amount $228,800, the current approved amount is $228,800. The loan was approved on 07/27/2020 by The Sandy Spring Bank reported 35 jobs and $228,800 was used to fund payroll.

Freestate petroleum corporation is Existing or more than 2 years old

PPP Loan Search / MD / HIGHLAND / Freestate petroleum corporation

FREESTATE PETROLEUM CORPORATION

Date Approved

07/27/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

FREESTATE PETROLEUM CORPORATION

Borrower Address

P O Box 125

Borrower City

HIGHLAND

Borrower State

MD

Borrower Zip

20777

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

228800.00

Current Approval Amount

228800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HIGHLAND

Project County Name

HOWARD

Project State

MD

Project Zip

20777-0001

CD

MD-03

Jobs Reported

35

NAICS Code

424720

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

228800.00

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

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

230586.52

Forgiveness Date

05/11/2021

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