# PPP loan: SOUTH ARKANSAS OIL COMPANY
> **$445K** approved 04/14/2020 · Paid in Full · Loan `7333127104`
## Borrower
- **Name:** SOUTH ARKANSAS OIL COMPANY
- **Address:** 2710 NORTH WEST AVE, EL DORADO, AR, 71730-3124
- **NAICS:** 447110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $445K
- **Initial approval:** $445K
- **Forgiven:** $451K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $334K
- **Rent:** $67K
- **Utilities:** $45K
- **Jobs reported:** 107
## Lender
- **Originating:** Southern Bancorp Bank
- **Servicing:** Southern Bancorp Bank (AR)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*