Petroleum Engineering, Inc.

$500,890 PPP Loan in Bellingham, Massachusetts

Loan Details

Loan Number
7417877201
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$500,890
Current Approval
$500,890
Forgiveness Amount
$504,424
Forgiveness Date
Jan 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Petroleum Engineering, Inc.
Address
12 Williams Way
ZIP Code
02019-1527
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (236220)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$28.5M
Rural/Urban
Urban
Congressional District
MA-04

Loan Use Breakdown

Payroll
$450,000
Utilities
$2,890
Mortgage Interest
$48,000

Lender Information

Servicing Lender
Middlesex Savings Bank
Originating Lender
Middlesex Savings Bank

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