# PPP loan: SHAKESPEARE OIL COMPANY, INC.
> **$317K** approved 04/04/2020 · Paid in Full · Loan `4805987001`
## Borrower
- **Name:** SHAKESPEARE OIL COMPANY, INC.
- **Address:** 202 W. MAIN ST, SALEM, IL, 62881-1519
- **NAICS:** 213111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $317K
- **Initial approval:** $317K
- **Forgiven:** $319K (101%)
- **Forgiveness date:** 12/07/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Mortgage interest:** $60K
- **Utilities:** $3K
- **Jobs reported:** 18
## Lender
- **Originating:** 1NB Bank
- **Servicing:** 1NB Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*