# PPP loan: FRANKEN OIL & DISTRIBUTING COMPANY
> **$300K** approved 04/06/2020 · Paid in Full · Loan `5825427010`
## Borrower
- **Name:** FRANKEN OIL & DISTRIBUTING COMPANY
- **Address:** 1025 Douglas, LAS VEGAS, NM, 87701-4483
- **NAICS:** 447110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Mortgage interest:** $30K
- **Utilities:** $30K
- **Jobs reported:** 57
## Lender
- **Originating:** Community 1st Bank Las Vegas
- **Servicing:** Community 1st Bank Las Vegas (NM)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*