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Lorann Oils Inc.

$500,000 PPP Loan in Lansing, Michigan

Loan Details

Loan Number
1905187110
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$500,000
Current Approval
$500,000
Forgiveness Amount
$504,944
Forgiveness Date
Apr 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lorann Oils Inc.
Address
4518 Aurelius Rd
City
Lansing
State
Michigan
ZIP Code
48910-5877
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (424990)
Business Age
Existing or more than 2 years old
Jobs Reported
51
Estimated Revenue
$13.1M
Rural/Urban
Urban
Congressional District
MI-07

Loan Use Breakdown

Payroll
$500,000

Lender Information

Servicing Lender
Lake-Osceola State Bank
Originating Lender
Lake-Osceola State Bank

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