Vesco Oil Corporation

$4,013,400 PPP Loan in Southfield, Michigan

Loan Details

Loan Number
9101687010
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$4,013,400
Current Approval
$4,013,400
Forgiveness Amount
$4,062,007
Forgiveness Date
Jul 1, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Vesco Oil Corporation
Address
16055 12 Mile Rd
ZIP Code
48076-2979
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (424720)
Business Age
Existing or more than 2 years old
Jobs Reported
255
Estimated Revenue
$65.6M
Rural/Urban
Urban
Congressional District
MI-12

Loan Use Breakdown

Payroll
$3,210,776
Mortgage Interest
$802,624

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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