PPP Loan information for Downey oil company, inc.

$331,460

Downey oil company, inc. was initially approved for PPP Loan of amount $331,460, the current approved amount is $331,460. The loan was approved on 04/08/2020 by The First Horizon Bank reported 25 jobs and $331,460 was used to fund payroll.

Downey oil company, inc. is Existing or more than 2 years old

DOWNEY OIL COMPANY, INC.

Date Approved

04/08/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

DOWNEY OIL COMPANY, INC.

Borrower Address

325 Joule Street

Borrower City

ALCOA

Borrower State

TN

Borrower Zip

37701-2467

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

331460.00

Current Approval Amount

331460.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ALCOA

Project County Name

BLOUNT

Project State

TN

Project Zip

37701-2467

CD

TN-02

Jobs Reported

25

NAICS Code

424720

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3460.00

Payroll Proceed

310000.00

Mortgage Interest Proceed

0.00

Rent Proceed

18000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

333577.66

Forgiveness Date

12/14/2020

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