# PPP loan: R & M OIL AND SUPPLY INC
> **$230K** approved 04/07/2020 · Paid in Full · Loan `7258547002`
## Borrower
- **Name:** R & M OIL AND SUPPLY INC
- **Address:** 603 Old State Route 3, COLUMBIA, IL, 62236-2627
- **NAICS:** 454310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $230K
- **Initial approval:** $230K
- **Forgiven:** $232K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $208K
- **Utilities:** $4K
- **Health care:** $17K
- **Jobs reported:** 19
## Lender
- **Originating:** The First National Bank of Waterloo
- **Servicing:** The First National Bank of Waterloo (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*