1201 OIL INC (OH) - 2020 PPP Loan Borrower Profile (# 2375847310)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1201 OIL 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 Ohio.

Loan Detail

Loan Number

2375847310

SBA Office Code

0549

Processing Method

PPP

Curent Loan Amount

$18,600

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$18,774.12

Date Loan was Forgiven

Apr 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

18,600

Lender

First National Bank of Pennsylvania

Business Detail

Business Type

Corporation

NAICS

561499

Borrower Location

CLEVELAND, OH

Project Location

CLEVELAND, OH

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.