# PPP loan: STERN OIL COMPANY INC
> **$861K** approved 02/20/2021 · Paid in Full · Loan `2226178509`
## Borrower
- **Name:** STERN OIL COMPANY INC
- **Address:** 27923 US Highway 81, Freeman, SD, 57029-6741
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $861K
- **Initial approval:** $861K
- **Forgiven:** $868K (101%)
- **Forgiveness date:** 12/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $861K
- **Utilities:** $1
- **Jobs reported:** 98
## Lender
- **Originating:** The First National Bank in Sioux Falls
- **Servicing:** The First National Bank in Sioux Falls (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*