PPP Loan information for Petersburg oil company

$249,300

Petersburg oil company was initially approved for PPP Loan of amount $249,300, the current approved amount is $249,300. The loan was approved on 04/04/2020 by The Summit Community Bank, Inc. reported 34 jobs and $249,300 was used to fund payroll.

Petersburg oil company is Existing or more than 2 years old

PPP Loan Search / WV / PETERSBURG / Petersburg oil company

PETERSBURG OIL COMPANY

Date Approved

04/04/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

PETERSBURG OIL COMPANY

Borrower Address

112 GROVE ST

Borrower City

PETERSBURG

Borrower State

WV

Borrower Zip

26847-1769

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

249300.00

Current Approval Amount

249300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119785

Servicing Lender Name

Summit Community Bank, Inc.

Servicing Lender Address

310 N Main St

Servicing Lender City

MOOREFIELD

Servicing Lender State

WV

Servicing Lender Zip

26836-1055

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PETERSBURG

Project County Name

GRANT

Project State

WV

Project Zip

26847-1769

CD

WV-02

Jobs Reported

34

NAICS Code

424720

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9800.00

Payroll Proceed

199500.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

40000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

119785

Originating Lender

Summit Community Bank, Inc.

Originating Lender City

MOOREFIELD

Originating Lender State

WV

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

251259.77

Forgiveness Date

01/25/2021

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