PPP Loan information for Economy oil, inc.

$42,200

Economy oil, inc. was initially approved for PPP Loan of amount $42,200, the current approved amount is $42,200. The loan was approved on 04/08/2020 by The BankNorth reported 6 jobs and $42,200 was used to fund payroll.

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

PPP Loan Search / ND / OAKES / Economy oil, inc.

ECONOMY OIL, INC.

Date Approved

04/08/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

ECONOMY OIL, INC.

Borrower Address

1234 N14TH ST

Borrower City

OAKES

Borrower State

ND

Borrower Zip

58474-2302

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

42200.00

Current Approval Amount

42200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52663

Servicing Lender Name

BankNorth

Servicing Lender Address

340 Main St

Servicing Lender City

ARTHUR

Servicing Lender State

ND

Servicing Lender Zip

58006

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OAKES

Project County Name

DICKEY

Project State

ND

Project Zip

58474-2302

CD

ND-

Jobs Reported

6

NAICS Code

424710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

42200.00

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

52663

Originating Lender

BankNorth

Originating Lender City

ARTHUR

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

42510.64

Forgiveness Date

01/07/2021

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