PPP Loan information for The oil exchange incorporated

$198,000

The oil exchange incorporated was initially approved for PPP Loan of amount $198,000, the current approved amount is $198,000. The loan was approved on 04/27/2020 by The American Community Bank of Indiana reported 26 jobs and $198,000 was used to fund payroll.

The oil exchange incorporated is Existing or more than 2 years old

PPP Loan Search / IN / CROWN POINT / The oil exchange incorporated

THE OIL EXCHANGE INCORPORATED

Date Approved

04/27/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

THE OIL EXCHANGE INCORPORATED

Borrower Address

1498 1/2 MAIN ST

Borrower City

CROWN POINT

Borrower State

IN

Borrower Zip

46307-2302

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

198000.00

Current Approval Amount

198000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

84416

Servicing Lender Name

American Community Bank of Indiana

Servicing Lender Address

8230 Hohman Ave

Servicing Lender City

MUNSTER

Servicing Lender State

IN

Servicing Lender Zip

46321-1516

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CROWN POINT

Project County Name

LAKE

Project State

IN

Project Zip

46307-2302

CD

IN-01

Jobs Reported

26

NAICS Code

811191

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9900.00

Payroll Proceed

168300.00

Mortgage Interest Proceed

0.00

Rent Proceed

19800.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

84416

Originating Lender

American Community Bank of Indiana

Originating Lender City

MUNSTER

Originating Lender State

IN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

199485.00

Forgiveness Date

02/01/2021

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