PPP Loan information for Industrial oils inc

$489,071

Industrial oils inc was initially approved for PPP Loan of amount $489,071, the current approved amount is $489,071. The loan was approved on 02/04/2021 by The SouthWest Bank reported 33 jobs and $489,071 was used to fund payroll.

Industrial oils inc is Existing or more than 2 years old

PPP Loan Search / TX / Midland / Industrial oils inc

INDUSTRIAL OILS INC

Date Approved

02/04/2021

SBA Office Code

0678

Processing Method

PPS

Borrower Name

INDUSTRIAL OILS INC

Borrower Address

2 W Industrial Loop

Borrower City

Midland

Borrower State

TX

Borrower Zip

79701-8519

Loan Status Date

10/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

489070.72

Current Approval Amount

489070.72

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72181

Servicing Lender Name

SouthWest Bank

Servicing Lender Address

4800 E 42nd St

Servicing Lender City

ODESSA

Servicing Lender State

TX

Servicing Lender Zip

79762-7214

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Midland

Project County Name

MIDLAND

Project State

TX

Project Zip

79701-8519

CD

TX-11

Jobs Reported

33

NAICS Code

424720

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

489069.72

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

72181

Originating Lender

SouthWest Bank

Originating Lender City

ODESSA

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

492141.00

Forgiveness Date

09/22/2021

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