Downey Oil Company, Inc.

$331,460 PPP Loan in Alcoa, Tennessee

Loan Details

Loan Number
8509517004
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$331,460
Current Approval
$331,460
Forgiveness Amount
$333,578
Forgiveness Date
Dec 14, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Downey Oil Company, Inc.
Address
325 Joule Street
City
Alcoa
ZIP Code
37701-2467
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424720)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$6.4M
Rural/Urban
Rural
Congressional District
TN-02

Loan Use Breakdown

Payroll
$310,000
Rent
$18,000
Utilities
$3,460

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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