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Local Oil Distributing INC

$54,000 PPP Loan in Champlin, Minnesota

Loan Details

Loan Number
9240507100
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$54,000
Current Approval
$54,000
Forgiveness Amount
$54,554
Forgiveness Date
Apr 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Local Oil Distributing INC
Address
100 Miller Rd
City
Champlin
State
Minnesota
ZIP Code
55316-1489
Business Type
Corporation
Industry (NAICS)
Retail Trade (447110)
Business Age
Existing or more than 2 years old
Jobs Reported
12
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$40,500
Rent
$10,800
Utilities
$2,700

Lender Information

Servicing Lender
First Bank Elk River
Originating Lender
First Bank Elk River

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