# PPP loan: PEERLESS OIL & CHEMICALS, INC
> **$786K** approved 05/01/2020 · Paid in Full · Loan `9448477702`
## Borrower
- **Name:** PEERLESS OIL & CHEMICALS, INC
- **Address:** 671 ROAD 337, PENUELAS, PR, 00624
- **NAICS:** 324110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $786K
- **Initial approval:** $785K
- **Forgiven:** $792K (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $786K
- **Jobs reported:** 76
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*