PPP Loan information for Southern petroleum inc

$597,100

Southern petroleum inc was initially approved for PPP Loan of amount $597,100, the current approved amount is $597,100. The loan was approved on 04/09/2020 by The Truist Bank reported 66 jobs and $597,100 was used to fund payroll.

Southern petroleum inc is Existing or more than 2 years old

PPP Loan Search / KY / SOMERSET / Southern petroleum inc

SOUTHERN PETROLEUM INC

Date Approved

04/09/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

SOUTHERN PETROLEUM INC

Borrower Address

605 S Main St

Borrower City

SOMERSET

Borrower State

KY

Borrower Zip

42501-2151

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

597100.00

Current Approval Amount

597100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERSET

Project County Name

PULASKI

Project State

KY

Project Zip

42501-2151

CD

KY-05

Jobs Reported

66

NAICS Code

424710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

597100.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

590981.38

Forgiveness Date

12/16/2020

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