PPP Loan information for Newton oil company inc.

$387,370

Newton oil company inc. was initially approved for PPP Loan of amount $387,370, the current approved amount is $387,370. The loan was approved on 02/05/2021 by The First Merchants Bank reported 23 jobs and $387,370 was used to fund payroll.

Newton oil company inc. is Existing or more than 2 years old

PPP Loan Search / IN / Lafayette / Newton oil company inc.

NEWTON OIL COMPANY INC.

Date Approved

02/05/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

NEWTON OIL COMPANY INC.

Borrower Address

3150 S 460 E

Borrower City

Lafayette

Borrower State

IN

Borrower Zip

47905-7725

Loan Status Date

08/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

387370.00

Current Approval Amount

387370.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Lafayette

Project County Name

TIPPECANOE

Project State

IN

Project Zip

47905-7725

CD

IN-04

Jobs Reported

23

NAICS Code

424720

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

387364.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

392538.47

Forgiveness Date

06/15/2022

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