Stern Oil Company INC

$814,000 PPP Loan in Freeman, South Dakota

Loan Details

Loan Number
4482667004
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$814,000
Current Approval
$814,000
Forgiveness Amount
$820,869
Forgiveness Date
Feb 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Stern Oil Company INC
Address
27923 US Hwy 81
ZIP Code
57029-6741
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424720)
Business Age
Existing or more than 2 years old
Jobs Reported
94
Estimated Revenue
$24.2M
Rural/Urban
Rural
Congressional District
SD-

Loan Use Breakdown

Payroll
$700,000
Rent
$10,000
Utilities
$24,000
Health Care
$80,000

Lender Information

Servicing Lender
The First National Bank in Sioux Falls
Originating Lender
The First National Bank in Sioux Falls

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