# PPP loan: RK ALLEN OIL CO INC
> **$455K** approved 05/01/2020 · Paid in Full · Loan `9713797706`
## Borrower
- **Name:** RK ALLEN OIL CO INC
- **Address:** 36002 AL HWY 21, TALLADEGA, AL, 35160-4525
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $455K
- **Initial approval:** $1.06M
- **Forgiven:** $460K (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $455K
- **Jobs reported:** 159
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*