PPP Loan information for Severson oil co., inc.

$401,400

Severson oil co., inc. was initially approved for PPP Loan of amount $401,400, the current approved amount is $401,400. The loan was approved on 04/09/2020 by The Merchants Bank, National Association reported 44 jobs and $401,400 was used to fund payroll.

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

PPP Loan Search / MN / WINONA / Severson oil co., inc.

SEVERSON OIL CO., INC.

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SEVERSON OIL CO., INC.

Borrower Address

508 LOUISA ST

Borrower City

WINONA

Borrower State

MN

Borrower Zip

55987-4902

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

401400.00

Current Approval Amount

401400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WINONA

Project County Name

WINONA

Project State

MN

Project Zip

55987-4902

CD

MN-01

Jobs Reported

44

NAICS Code

454310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

401400.00

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

Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

405269.05

Forgiveness Date

03/31/2021

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