PPP Loan information for 509 express inc

$480,000

509 express inc was initially approved for PPP Loan of amount $480,000, the current approved amount is $480,000. The loan was approved on 05/29/2020 by The Celtic Bank Corporation reported 8 jobs and $480,000 was used to fund payroll.

509 express inc is New Business or 2 years or less

509 EXPRESS INC

Date Approved

05/29/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

509 EXPRESS INC

Borrower Address

4800 Springs Lane

Borrower City

Norcross

Borrower State

GA

Borrower Zip

30092

Loan Status Date

11/20/2021

Loan Status

Charged Off

Term

5

SBA Guaranty Percentage

100

Initial Approval Amount

480000.00

Current Approval Amount

480000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

223542

Servicing Lender Name

Celtic Bank Corporation

Servicing Lender Address

268 S State St, Ste 300

Servicing Lender City

SALT LAKE CITY

Servicing Lender State

UT

Servicing Lender Zip

84111-5314

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

Norcross

Project County Name

GWINNETT

Project State

GA

Project Zip

30092-0001

CD

GA-07

Jobs Reported

8

NAICS Code

484110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

60000.00

Payroll Proceed

360000.00

Mortgage Interest Proceed

0.00

Rent Proceed

60000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

223542

Originating Lender

Celtic Bank Corporation

Originating Lender City

SALT LAKE CITY

Originating Lender State

UT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;