Oil Equipment INC

$571,000 PPP Loan in Madison, Wisconsin

Loan Details

Loan Number
4441167000
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$571,000
Current Approval
$571,000
Forgiveness Amount
$574,457
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Oil Equipment INC
Address
4701 Lien Rd
ZIP Code
53704-3616
Business Type
Corporation
Industry (NAICS)
Manufacturing (333132)
Business Age
Existing or more than 2 years old
Jobs Reported
54
Estimated Revenue
$14.1M
Rural/Urban
Urban
Congressional District
WI-02

Loan Use Breakdown

Payroll
$487,000
Rent
$60,000
Utilities
$24,000

Lender Information

Servicing Lender
Lake Ridge Bank
Originating Lender
Lake Ridge Bank

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