# PPP loan: STERN OIL COMPANY INC
> **$814K** approved 04/03/2020 · Paid in Full · Loan `4482667004`
## Borrower
- **Name:** STERN OIL COMPANY INC
- **Address:** 27923 US Hwy 81, FREEMAN, SD, 57029-6741
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $814K
- **Initial approval:** $814K
- **Forgiven:** $821K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $700K
- **Rent:** $10K
- **Utilities:** $24K
- **Health care:** $80K
- **Jobs reported:** 94
## 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*