# PPP loan: HB PETROLEUM INC
> **$540K** approved 03/12/2021 · Paid in Full · Loan `9480518501`
## Borrower
- **Name:** HB PETROLEUM INC
- **Address:** 308 W Market St, Salinas, CA, 93901-1420
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $544K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $540K
- **Utilities:** $1
- **Jobs reported:** 135
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*