PPP Loan information for Lorann oils inc.

$500,000

Lorann oils inc. was initially approved for PPP Loan of amount $500,000, the current approved amount is $500,000. The loan was approved on 04/10/2020 by The Lake-Osceola State Bank reported 51 jobs and $500,000 was used to fund payroll.

Lorann oils inc. is Existing or more than 2 years old

PPP Loan Search / MI / LANSING / Lorann oils inc.

LORANN OILS INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LORANN OILS INC.

Borrower Address

4518 AURELIUS RD

Borrower City

LANSING

Borrower State

MI

Borrower Zip

48910-5877

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

500000.00

Current Approval Amount

500000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33549

Servicing Lender Name

Lake-Osceola State Bank

Servicing Lender Address

790 Michigan Ave

Servicing Lender City

BALDWIN

Servicing Lender State

MI

Servicing Lender Zip

49304-7126

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LANSING

Project County Name

INGHAM

Project State

MI

Project Zip

48910-5877

CD

MI-07

Jobs Reported

51

NAICS Code

424990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

500000.00

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

Subchapter S Corporation

Originating Lender Location Id

33549

Originating Lender

Lake-Osceola State Bank

Originating Lender City

BALDWIN

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

504944.44

Forgiveness Date

04/14/2021

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