# PPP loan: RACHLES MICHELE OIL CO INC
> **$194K** approved 03/23/2021 · Paid in Full · Loan `7204408606`
## Borrower
- **Name:** RACHLES MICHELE OIL CO INC
- **Address:** 116 Kuller Rd, Clifton, NJ, 07011-2854
- **NAICS:** 454310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 08/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $194K
- **Jobs reported:** 13
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*