# PPP loan: WORLD OIL CORP
> **$7.84M** approved 04/05/2020 · Paid in Full · Loan `5501457001`
## Borrower
- **Name:** WORLD OIL CORP
- **Address:** 9302 GARFIELD AVE, SOUTH GATE, CA, 90280-3805
- **NAICS:** 324191
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.84M
- **Initial approval:** $7.84M
- **Forgiven:** $7.95M (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.84M
- **Jobs reported:** 440
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*