PPP Loan information for Young oil inc.

$605,363

Young oil inc. was initially approved for PPP Loan of amount $605,363, the current approved amount is $605,363. The loan was approved on 03/31/2021 by The Farmers and Merchants Bank reported 75 jobs and $605,363 was used to fund payroll.

Young oil inc. is Existing or more than 2 years old

PPP Loan Search / AL / Piedmont / Young oil inc.

YOUNG OIL INC.

Date Approved

03/31/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

YOUNG OIL INC.

Borrower Address

104 Memorial Dr

Borrower City

Piedmont

Borrower State

AL

Borrower Zip

36272-2052

Loan Status Date

01/13/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

605362.90

Current Approval Amount

605362.90

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3189

Servicing Lender Name

Farmers and Merchants Bank

Servicing Lender Address

112 E Ladiga St

Servicing Lender City

PIEDMONT

Servicing Lender State

AL

Servicing Lender Zip

36272-1736

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Piedmont

Project County Name

CALHOUN

Project State

AL

Project Zip

36272-2052

CD

AL-03

Jobs Reported

75

NAICS Code

447110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

605362.90

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

3189

Originating Lender

Farmers and Merchants Bank

Originating Lender City

PIEDMONT

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

609459.47

Forgiveness Date

12/09/2021

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