# PPP loan: DUTCH OIL CO INC
> **$524K** approved 01/25/2021 · Paid in Full · Loan `5367538300`
## Borrower
- **Name:** DUTCH OIL CO INC
- **Address:** 35 William F Palmer Rd, Moodus, CT, 06469-1132
- **NAICS:** 454310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $524K
- **Initial approval:** $524K
- **Forgiven:** $527K (101%)
- **Forgiveness date:** 10/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $524K
- **Utilities:** $1
- **Jobs reported:** 51
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*