# PPP loan: WESSELS OIL COMPANY INC.
> **$467K** approved 01/25/2021 · Paid in Full · Loan `5586728309`
## Borrower
- **Name:** WESSELS OIL COMPANY INC.
- **Address:** 421 railroad avenue, Palmer, IA, 50571
- **NAICS:** 454310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $467K
- **Initial approval:** $467K
- **Forgiven:** $470K (101%)
- **Forgiveness date:** 08/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $467K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** Heartland Bank
- **Servicing:** Heartland Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*