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General Oil Equipment Co., INC

$1,044,090 PPP Loan in Amherst, New York

Loan Details

Loan Number
9303527104
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,044,090
Current Approval
$1,044,090
Forgiveness Amount
$1,051,899
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
General Oil Equipment Co., INC
Address
60 John Glenn Drive
City
Amherst
State
New York
ZIP Code
14228
Business Type
Corporation
Industry (NAICS)
Manufacturing (325612)
Business Age
Existing or more than 2 years old
Jobs Reported
80
Estimated Revenue
$79.3M
Rural/Urban
Urban
Congressional District
NY-26

Loan Use Breakdown

Payroll
$896,000
Rent
$38,000
Utilities
$16,090
Health Care
$91,000
Debt Interest
$3,000

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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