# PPP loan: J & J OIL & GAS INC
> **$547K** approved 04/03/2020 · Paid in Full · Loan `4438977006`
## Borrower
- **Name:** J & J OIL & GAS INC
- **Address:** 10500 Township Highway 122, UPPER SANDUSKY, OH, 43351-9643
- **NAICS:** 454310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $547K
- **Initial approval:** $547K
- **Forgiven:** $550K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Rent:** $27K
- **Utilities:** $10K
- **Health care:** $10K
- **Jobs reported:** 37
## Lender
- **Originating:** Sutton Bank
- **Servicing:** Sutton Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*