# PPP loan: BUCHANAN OIL CORPORATION
> **$231K** approved 04/07/2020 · Paid in Full · Loan `7589037007`
## Borrower
- **Name:** BUCHANAN OIL CORPORATION
- **Address:** 623 WEST MAIN ST, ABINGDON, VA, 24210-2509
- **NAICS:** 424720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $231K
- **Initial approval:** $231K
- **Forgiven:** $234K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $231K
- **Jobs reported:** 22
## Lender
- **Originating:** The First Bank and Trust Company
- **Servicing:** The First Bank and Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*