Lipscomb Oil Company, Inc.

$546,200 PPP Loan in Greenville, Mississippi

Loan Details

Loan Number
4400177007
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$546,200
Current Approval
$546,257
Forgiveness Amount
$549,924
Forgiveness Date
Dec 10, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Lipscomb Oil Company, Inc.
Address
1010 N. Broadway
ZIP Code
38701
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424720)
Business Age
Existing or more than 2 years old
Jobs Reported
129
Estimated Revenue
$33.2M
Rural/Urban
Urban
Congressional District
MS-02

Loan Use Breakdown

Payroll
$454,283
Rent
$38,000
Utilities
$53,974

Lender Information

Servicing Lender
Guaranty Bank & Trust Company
Originating Lender
Guaranty Bank & Trust Company

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