PPP Loan information for Local oil distributing inc

$54,000

Local oil distributing inc was initially approved for PPP Loan of amount $54,000, the current approved amount is $54,000. The loan was approved on 04/15/2020 by The First Bank Elk River reported 12 jobs and $54,000 was used to fund payroll.

Local oil distributing inc is Existing or more than 2 years old

PPP Loan Search / MN / CHAMPLIN / Local oil distributing inc

LOCAL OIL DISTRIBUTING INC

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LOCAL OIL DISTRIBUTING INC

Borrower Address

100 MILLER RD

Borrower City

CHAMPLIN

Borrower State

MN

Borrower Zip

55316-1489

Loan Status Date

05/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

54000.00

Current Approval Amount

54000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38033

Servicing Lender Name

First Bank Elk River

Servicing Lender Address

812 Main St NW

Servicing Lender City

ELK RIVER

Servicing Lender State

MN

Servicing Lender Zip

55330-1575

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHAMPLIN

Project County Name

HENNEPIN

Project State

MN

Project Zip

55316-1489

CD

MN-03

Jobs Reported

12

NAICS Code

447110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2700.00

Payroll Proceed

40500.00

Mortgage Interest Proceed

0.00

Rent Proceed

10800.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38033

Originating Lender

First Bank Elk River

Originating Lender City

ELK RIVER

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

54553.50

Forgiveness Date

04/28/2021

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