# PPP loan: SOUTHERN PETROLEUM INC.
> **$698K** approved 02/22/2021 · Paid in Full · Loan `3026878507`
## Borrower
- **Name:** SOUTHERN PETROLEUM INC.
- **Address:** 605 S Main St, Somerset, KY, 42501-2151
- **NAICS:** 424710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $698K
- **Initial approval:** $698K
- **Forgiven:** $709K (102%)
- **Forgiveness date:** 08/30/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $698K
- **Jobs reported:** 68
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*