PPP Loan information for Oil recovery corp

$123,088

Oil recovery corp was initially approved for PPP Loan of amount $123,088, the current approved amount is $123,088. The loan was approved on 03/23/2021 by The Liberty Bank reported 10 jobs and $123,088 was used to fund payroll.

Oil recovery corp is Existing or more than 2 years old

PPP Loan Search / MA / West Springfield / Oil recovery corp

OIL RECOVERY CORP

Date Approved

03/23/2021

SBA Office Code

0130

Processing Method

PPS

Borrower Name

OIL RECOVERY CORP

Borrower Address

138 Palmer Ave

Borrower City

West Springfield

Borrower State

MA

Borrower Zip

01089-4019

Loan Status Date

08/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

123087.50

Current Approval Amount

123087.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16282

Servicing Lender Name

Liberty Bank

Servicing Lender Address

315 Main St

Servicing Lender City

MIDDLETOWN

Servicing Lender State

CT

Servicing Lender Zip

06457-3345

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

West Springfield

Project County Name

HAMPDEN

Project State

MA

Project Zip

01089-4019

CD

MA-01

Jobs Reported

10

NAICS Code

454310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

123081.50

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

Subchapter S Corporation

Originating Lender Location Id

16282

Originating Lender

Liberty Bank

Originating Lender City

MIDDLETOWN

Originating Lender State

CT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

124752.60

Forgiveness Date

07/27/2022

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