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PPP Loan Data — Petrol Properties, Inc,
Springfield, MO
Petrol Properties, Inc
Entity: Limited Liability Company (LLC)
Industry: Lessors of Nonresidential Buildings (except Miniwarehouses)
Location: Springfield, MO
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Petrol Properties, Inc is a limited liability company (LLC) located in Springfield, Missouri that received a Coronavirus-related PPP loan from the SBA of $3,990.00 in April, 2020.
$
PPP Loan Information
Loan #7019277105
Loan Size:
Jobs Retained:
1Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Cadence BankPetrol Properties, Inc in Springfield, MO received a Paycheck Protection Loan of $3,990 through Cadence Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Reported PPP Proceed Usage:
On the PPP application, Petrol Properties, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,990
Business Information - Petrol Properties, Inc in Springfield, MO
Springfield, MO
* Full address is redacted to protect the privacy of individuals.
Business Industry:
Lessors of Nonresidential Buildings (except Miniwarehouses)
NAICS code 531120
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Springfield
In the Springfield area, 15 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $38,578 (compared to this company's $3,990).
Similar Nearby Businesses Who Received PPP Funding:
Retail Property Management Inc
Springfield, MO
Jared Management LLC
Springfield, MO
Maples Properties LLC
Springfield, MO
Lamplighter North Operations, LLC
Springfield, MO
Ridgerunner Properties LLC
Springfield, MO
Steve Dowdy Enterprises LLC
Springfield, MO
Plaza Towers, LLC
Springfield, MO
Sweet Water Cove LLC
Springfield, MO
Fast Finish LLC
Springfield, MO
Industry PPP Comparison Statistics
Nationwide, 19,182 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.7B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 900% higher than Petrol Properties, Inc's reported 1 employees, and received an average PPP loan of $88,570, 2120% higher than this company's loan of $3,990.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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