# PPP loan: BEST WADE PETROLEUM INC
> **$488K** approved 04/04/2020 · Paid in Full · Loan `5046207004`
## Borrower
- **Name:** BEST WADE PETROLEUM INC
- **Address:** 201 DODGE DR, RIPLEY, TN, 38063-8073
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $488K
- **Initial approval:** $488K
- **Forgiven:** $496K (102%)
- **Forgiveness date:** 11/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $449K
- **Rent:** $32K
- **Mortgage interest:** $4K
- **Utilities:** $2K
- **Jobs reported:** 48
## Lender
- **Originating:** Decatur County Bank
- **Servicing:** Decatur County Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*