PPP Loan information for Ocean lube, inc

$77,350

Ocean lube, inc was initially approved for PPP Loan of amount $77,350, the current approved amount is $77,350. The loan was approved on 04/14/2020 by The The Farmers Bank of Willards reported 10 jobs and $77,350 was used to fund payroll.

Ocean lube, inc is Existing or more than 2 years old

PPP Loan Search / MD / OCEAN CITY / Ocean lube, inc

OCEAN LUBE, INC

Date Approved

04/14/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

OCEAN LUBE, INC

Borrower Address

12641 OCEAN GTWY

Borrower City

OCEAN CITY

Borrower State

MD

Borrower Zip

21842-9558

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

77350.00

Current Approval Amount

77350.00

Undisbursed Amount

0.00

Franchise Name

Jiffy Lube

Servicing Lender Location Id

30926

Servicing Lender Name

The Farmers Bank of Willards

Servicing Lender Address

7484 Market St

Servicing Lender City

WILLARDS

Servicing Lender State

MD

Servicing Lender Zip

21874-1232

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OCEAN CITY

Project County Name

WORCESTER

Project State

MD

Project Zip

21842-9558

CD

MD-01

Jobs Reported

10

NAICS Code

811191

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

6445.00

Payroll Proceed

58013.00

Mortgage Interest Proceed

6446.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

6446.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

30926

Originating Lender

The Farmers Bank of Willards

Originating Lender City

WILLARDS

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

77844.18

Forgiveness Date

12/09/2020

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