# PPP loan: ALBEMARLE OIL COMPANY
> **$1.35M** approved 04/07/2020 · Paid in Full · Loan `6484517008`
## Borrower
- **Name:** ALBEMARLE OIL COMPANY
- **Address:** 300 Circle Drive, ALBEMARLE, NC, 28002
- **NAICS:** 447110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.35M
- **Initial approval:** $1.35M
- **Forgiven:** $1.37M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.35M
- **Jobs reported:** 396
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*