# PPP loan: PROMISE ENERGY INC.
> **$557K** approved 04/12/2020 · Paid in Full · Loan `3916637108`
## Borrower
- **Name:** PROMISE ENERGY INC.
- **Address:** 3558 Round Barn Blvd Ste 200, Santa Rosa, CA, 95403-0989
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $557K
- **Initial approval:** $557K
- **Forgiven:** $563K (101%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $557K
- **Jobs reported:** 37
## Lender
- **Originating:** Beneficial State Bank
- **Servicing:** Beneficial State Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*