# PPP loan: MELVIN L DAVIS OIL CO INC
> **$1.20M** approved 04/14/2020 · Paid in Full · Loan `6677307109`
## Borrower
- **Name:** MELVIN L DAVIS OIL CO INC
- **Address:** 11042 Blue Star Highway, STONY CREEK, VA, 23882
- **NAICS:** 447110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $780K
- **Rent:** $243K
- **Mortgage interest:** $25K
- **Utilities:** $92K
- **Health care:** $64K
- **Jobs reported:** 241
## 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*