# PPP loan: FERRELL FUEL COMPANY INC
> **$340K** approved 04/14/2020 · Paid in Full · Loan `7703897110`
## Borrower
- **Name:** FERRELL FUEL COMPANY INC
- **Address:** 607 Old Philadelphia Road, Aberdeen, MD, 21001
- **NAICS:** 424720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $344K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $290K
- **Rent:** $24K
- **Utilities:** $2K
- **Health care:** $25K
- **Jobs reported:** 21
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*