PPP Loan information for Stern oil company inc

$814,000

Stern oil company inc was initially approved for PPP Loan of amount $814,000, the current approved amount is $814,000. The loan was approved on 04/03/2020 by The The First National Bank in Sioux Falls reported 94 jobs and $814,000 was used to fund payroll.

Stern oil company inc is Existing or more than 2 years old

PPP Loan Search / SD / FREEMAN / Stern oil company inc

STERN OIL COMPANY INC

Date Approved

04/03/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

STERN OIL COMPANY INC

Borrower Address

27923 US Hwy 81

Borrower City

FREEMAN

Borrower State

SD

Borrower Zip

57029-6741

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

814000.00

Current Approval Amount

814000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66602

Servicing Lender Name

The First National Bank in Sioux Falls

Servicing Lender Address

100 S Phillips Ave

Servicing Lender City

SIOUX FALLS

Servicing Lender State

SD

Servicing Lender Zip

57104-6745

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FREEMAN

Project County Name

HUTCHINSON

Project State

SD

Project Zip

57029-6741

CD

SD-

Jobs Reported

94

NAICS Code

424720

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

24000.00

Payroll Proceed

700000.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

80000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

66602

Originating Lender

The First National Bank in Sioux Falls

Originating Lender City

SIOUX FALLS

Originating Lender State

SD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

820868.82

Forgiveness Date

02/17/2021

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