# PPP loan: NELSON OIL COMPANY INC
> **$172K** approved 02/24/2021 · Paid in Full · Loan `3964058504`
## Borrower
- **Name:** NELSON OIL COMPANY INC
- **Address:** 5 20th St SW, Hickory, NC, 28602-1410
- **NAICS:** 424720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 07/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $172K
- **Jobs reported:** 13
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*