PPP Loan information for Oil recovery corporation

$131,556

Oil recovery corporation was initially approved for PPP Loan of amount $131,556, the current approved amount is $131,556. The loan was approved on 04/28/2020 by The Liberty Bank reported 10 jobs and $131,556 was used to fund payroll.

Oil recovery corporation is Existing or more than 2 years old

PPP Loan Search / MA / W Springfield / Oil recovery corporation

OIL RECOVERY CORPORATION

Date Approved

04/28/2020

SBA Office Code

0130

Processing Method

PPP

Borrower Name

OIL RECOVERY CORPORATION

Borrower Address

138 Palmer Ave

Borrower City

W Springfield

Borrower State

MA

Borrower Zip

01089

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

131555.92

Current Approval Amount

131555.92

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16282

Servicing Lender Name

Liberty Bank

Servicing Lender Address

315 Main St

Servicing Lender City

MIDDLETOWN

Servicing Lender State

CT

Servicing Lender Zip

06457-3345

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

W Springfield

Project County Name

HAMPDEN

Project State

MA

Project Zip

01089-1000

CD

MA-01

Jobs Reported

10

NAICS Code

454310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

131555.92

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

16282

Originating Lender

Liberty Bank

Originating Lender City

MIDDLETOWN

Originating Lender State

CT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

132626.64

Forgiveness Date

02/24/2021

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