# PPP loan: EDWARDS OIL INC.
> **$1.22M** approved 04/14/2020 · Paid in Full · Loan `6930097101`
## Borrower
- **Name:** EDWARDS OIL INC.
- **Address:** 820 HOOVER RD, VIRGINIA, MN, 55792-2353
- **NAICS:** 447110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.27M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $976K
- **Rent:** $70K
- **Utilities:** $150K
- **Health care:** $24K
- **Jobs reported:** 158
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*