PPP Loan information for Ashley welding & machine company

$171,400

Ashley welding & machine company was initially approved for PPP Loan of amount $171,435, the current approved amount is $171,400. The loan was approved on 04/06/2020 by The Southern Bank and Trust Company reported 16 jobs and $171,400 was used to fund payroll.

Ashley welding & machine company is Existing or more than 2 years old

PPP Loan Search / NC / EDENTON / Ashley welding & machine company

ASHLEY WELDING & MACHINE COMPANY

Date Approved

04/06/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ASHLEY WELDING & MACHINE COMPANY

Borrower Address

104 TOWER DR

Borrower City

EDENTON

Borrower State

NC

Borrower Zip

27932-9762

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

171435.00

Current Approval Amount

171400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50882

Servicing Lender Name

Southern Bank and Trust Company

Servicing Lender Address

100 N Center St

Servicing Lender City

MOUNT OLIVE

Servicing Lender State

NC

Servicing Lender Zip

28365-1701

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EDENTON

Project County Name

CHOWAN

Project State

NC

Project Zip

27932-9762

CD

NC-01

Jobs Reported

16

NAICS Code

238190

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

171400.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

50882

Originating Lender

Southern Bank and Trust Company

Originating Lender City

MOUNT OLIVE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

173023.54

Forgiveness Date

03/23/2021

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