# PPP loan: SPESS OIL COMPANY
> **$419K** approved 04/14/2020 · Paid in Full · Loan `6997297107`
## Borrower
- **Name:** SPESS OIL COMPANY
- **Address:** 200 S. BROADWAY ST, CLEVELAND, OK, 74020-4617
- **NAICS:** 211130
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $419K
- **Initial approval:** $419K
- **Forgiven:** $424K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $336K
- **Utilities:** $84K
- **Jobs reported:** 46
## Lender
- **Originating:** American Heritage Bank
- **Servicing:** American Heritage Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*