PPP Loan information for Necessary oil co

$70,000

Necessary oil co was initially approved for PPP Loan of amount $70,000, the current approved amount is $70,000. The loan was approved on 05/01/2020 by The Regions Bank reported 6 jobs and $70,000 was used to fund payroll.

Necessary oil co is Existing or more than 2 years old

PPP Loan Search / TN / Bristol / Necessary oil co

NECESSARY OIL CO

Date Approved

05/01/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

NECESSARY OIL CO

Borrower Address

1300 Georgia Ave

Borrower City

Bristol

Borrower State

TN

Borrower Zip

37620

Loan Status Date

10/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

70000.00

Current Approval Amount

70000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Bristol

Project County Name

SULLIVAN

Project State

TN

Project Zip

37620-0001

CD

TN-01

Jobs Reported

6

NAICS Code

562920

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

70000.00

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

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

70928.22

Forgiveness Date

09/07/2021

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