7 OIL COMPANY INC (NJ) - 2020 PPP Loan Borrower Profile (# 3355608704)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 7 OIL COMPANY INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in New Jersey.

Loan Detail

Loan Number

3355608704

SBA Office Code

0299

Processing Method

PPS

Curent Loan Amount

$1,045,600

Date Loan was Approved

Mar 31, 2021

Amount Forgiven

$1,056,027.35

Date Loan was Forgiven

Apr 5, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

1,045,598

Lender

Citizens Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

454310

Borrower Location

Cinnaminson, NJ

Project Location

Cinnaminson, NJ

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.