PPP Loan information for Oil recovery company, inc.

$463,822

Oil recovery company, inc. was initially approved for PPP Loan of amount $463,822, the current approved amount is $463,822. The loan was approved on 04/08/2020 by The Century Bank reported 35 jobs and $463,822 was used to fund payroll.

Oil recovery company, inc. is Existing or more than 2 years old

PPP Loan Search / AL / MOBILE / Oil recovery company, inc.

OIL RECOVERY COMPANY, INC.

Date Approved

04/08/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

OIL RECOVERY COMPANY, INC.

Borrower Address

1101 S CONCEPTION ST

Borrower City

MOBILE

Borrower State

AL

Borrower Zip

36603-2043

Loan Status Date

05/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

463822.00

Current Approval Amount

463822.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39529

Servicing Lender Name

Century Bank

Servicing Lender Address

4282 Main St

Servicing Lender City

LUCEDALE

Servicing Lender State

MS

Servicing Lender Zip

39452-6752

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MOBILE

Project County Name

MOBILE

Project State

AL

Project Zip

36603-2043

CD

AL-01

Jobs Reported

35

NAICS Code

211120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

463822.00

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

39529

Originating Lender

Century Bank

Originating Lender City

LUCEDALE

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

468422.10

Forgiveness Date

04/08/2021

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