Franken Oil & Distributing Company

$300,105 PPP Loan in Las Vegas, New Mexico

Loan Details

Loan Number
5825427010
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$300,105
Current Approval
$300,105
Forgiveness Amount
$302,423
Forgiveness Date
Jan 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Franken Oil & Distributing Company
Address
1025 Douglas
ZIP Code
87701-4483
Business Type
Corporation
Industry (NAICS)
Retail Trade (447110)
Business Age
Existing or more than 2 years old
Jobs Reported
57
Estimated Revenue
$19.1M
Rural/Urban
Rural
Congressional District
NM-03

Loan Use Breakdown

Payroll
$240,084
Utilities
$30,021
Mortgage Interest
$30,000

Lender Information

Servicing Lender
Community 1st Bank Las Vegas
Originating Lender
Community 1st Bank Las Vegas

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