PPP Loan information for Scotland oil co. inc.

$193,355

Scotland oil co. inc. was initially approved for PPP Loan of amount $193,355, the current approved amount is $193,355. The loan was approved on 01/20/2021 by The Mercantile Bank reported 42 jobs and $193,355 was used to fund payroll.

Scotland oil co. inc. is Existing or more than 2 years old

PPP Loan Search / MI / Alma / Scotland oil co. inc.

SCOTLAND OIL CO. INC.

Date Approved

01/20/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

SCOTLAND OIL CO. INC.

Borrower Address

114 Grant Ave

Borrower City

Alma

Borrower State

MI

Borrower Zip

48801-2219

Loan Status Date

02/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

193355.00

Current Approval Amount

193355.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Alma

Project County Name

GRATIOT

Project State

MI

Project Zip

48801-2219

CD

MI-02

Jobs Reported

42

NAICS Code

424720

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

193354.00

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

Subchapter S Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

195172.01

Forgiveness Date

01/03/2022

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