PPP Loan information for Petrolex ii llc

$1,217,943

Petrolex ii llc was initially approved for PPP Loan of amount $1,217,943, the current approved amount is $1,217,943. The loan was approved on 02/25/2021 by The Bank Rhode Island reported 85 jobs and $1,217,943 was used to fund payroll.

Petrolex ii llc is Existing or more than 2 years old

PPP Loan Search / MA / Worcester / Petrolex ii llc

PETROLEX II LLC

Date Approved

02/25/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

PETROLEX II LLC

Borrower Address

99 Crescent St

Borrower City

Worcester

Borrower State

MA

Borrower Zip

01605-2406

Loan Status Date

01/11/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1217942.50

Current Approval Amount

1217942.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

120245

Servicing Lender Name

Bank Rhode Island

Servicing Lender Address

One Turks Head Place

Servicing Lender City

PROVIDENCE

Servicing Lender State

RI

Servicing Lender Zip

02903-2219

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Worcester

Project County Name

WORCESTER

Project State

MA

Project Zip

01605-2406

CD

MA-02

Jobs Reported

85

NAICS Code

454310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1217938.50

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

Limited Liability Company(LLC)

Originating Lender Location Id

120245

Originating Lender

Bank Rhode Island

Originating Lender City

PROVIDENCE

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1227246.23

Forgiveness Date

12/07/2021

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