PPP Loan information for Oil equipment inc

$571,000

Oil equipment inc was initially approved for PPP Loan of amount $571,000, the current approved amount is $571,000. The loan was approved on 04/03/2020 by The Lake Ridge Bank reported 54 jobs and $571,000 was used to fund payroll.

Oil equipment inc is Existing or more than 2 years old

PPP Loan Search / WI / MADISON / Oil equipment inc

OIL EQUIPMENT INC

Date Approved

04/03/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

OIL EQUIPMENT INC

Borrower Address

4701 LIEN RD

Borrower City

MADISON

Borrower State

WI

Borrower Zip

53704-3616

Loan Status Date

05/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

571000.00

Current Approval Amount

571000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

75741

Servicing Lender Name

Lake Ridge Bank

Servicing Lender Address

1205 Main St

Servicing Lender City

CROSS PLAINS

Servicing Lender State

WI

Servicing Lender Zip

53528-9479

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MADISON

Project County Name

DANE

Project State

WI

Project Zip

53704-3616

CD

WI-02

Jobs Reported

54

NAICS Code

333132

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

24000.00

Payroll Proceed

487000.00

Mortgage Interest Proceed

0.00

Rent Proceed

60000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

75741

Originating Lender

Lake Ridge Bank

Originating Lender City

CROSS PLAINS

Originating Lender State

WI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

574457.29

Forgiveness Date

11/23/2020

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