# PPP loan: PETROLEUM RESOURCES AND DEVELOPMENT, INC.
> **$156K** approved 04/13/2020 · Paid in Full · Loan `4709347106`
## Borrower
- **Name:** PETROLEUM RESOURCES AND DEVELOPMENT, INC.
- **Address:** 350 SPECIALTY PT, SANFORD, FL, 32771-6642
- **NAICS:** 562910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Jobs reported:** 16
## Lender
- **Originating:** Addition Financial CU
- **Servicing:** Addition Financial CU (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*