# PPP loan: EASTERN OIL COMPANY
> **$612K** approved 04/27/2020 · Paid in Full · Loan `4614427201`
## Borrower
- **Name:** EASTERN OIL COMPANY
- **Address:** 590 S PADDOCK ST, PONTIAC, MI, 48341-3236
- **NAICS:** 424720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $612K
- **Initial approval:** $612K
- **Forgiven:** $617K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $612K
- **Jobs reported:** 46
## Lender
- **Originating:** Flagstar Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*