# PPP loan: BAZELL OIL, INC.
> **$346K** approved 04/05/2020 · Paid in Full · Loan `5230267000`
## Borrower
- **Name:** BAZELL OIL, INC.
- **Address:** 15140 STATE ROUTE 328, LOGAN, OH, 43138-9445
- **NAICS:** 454310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $346K
- **Initial approval:** $346K
- **Forgiven:** $350K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Mortgage interest:** $85K
- **Utilities:** $3K
- **Jobs reported:** 25
## Lender
- **Originating:** The Merchants National Bank
- **Servicing:** The Merchants National Bank (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*