PPP Loan information for Cherry lake inc

$518,700

Cherry lake inc was initially approved for PPP Loan of amount $518,700, the current approved amount is $518,700. The loan was approved on 01/30/2021 by The South Atlantic Bank reported 28 jobs and $518,700 was used to fund payroll.

Cherry lake inc is Existing or more than 2 years old

PPP Loan Search / SC / Myrtle Beach / Cherry lake inc

CHERRY LAKE INC

Date Approved

01/30/2021

SBA Office Code

0464

Processing Method

PPS

Borrower Name

CHERRY LAKE INC

Borrower Address

1421 Dividend Loop

Borrower City

Myrtle Beach

Borrower State

SC

Borrower Zip

29577-1870

Loan Status Date

03/11/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

518700.00

Current Approval Amount

518700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

452235

Servicing Lender Name

South Atlantic Bank

Servicing Lender Address

630 29th Ave N

Servicing Lender City

MYRTLE BEACH

Servicing Lender State

SC

Servicing Lender Zip

29577-3169

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Myrtle Beach

Project County Name

HORRY

Project State

SC

Project Zip

29577-1870

CD

SC-07

Jobs Reported

28

NAICS Code

448150

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

518696.00

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

452235

Originating Lender

South Atlantic Bank

Originating Lender City

MYRTLE BEACH

Originating Lender State

SC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

524088.72

Forgiveness Date

02/15/2022

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