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 03/12/2021 by The Sandy Spring Bank reported 36 jobs and $228,800 was used to fund payroll.

Freestate petroleum corporation is Existing or more than 2 years old

PPP Loan Search / MD / West Friendship / Freestate petroleum corporation

FREESTATE PETROLEUM CORPORATION

Date Approved

03/12/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

FREESTATE PETROLEUM CORPORATION

Borrower Address

13701 Old Rover Rd

Borrower City

West Friendship

Borrower State

MD

Borrower Zip

21794-9718

Loan Status Date

12/15/2021

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

West Friendship

Project County Name

HOWARD

Project State

MD

Project Zip

21794-9718

CD

MD-03

Jobs Reported

36

NAICS Code

424720

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

228798.00

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

230342.05

Forgiveness Date

11/19/2021

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