PPP Loan information for Derek hutcheson insurance agency, inc.

$40,200

Derek hutcheson insurance agency, inc. was initially approved for PPP Loan of amount $40,200, the current approved amount is $40,200. The loan was approved on 04/27/2020 by The Magnolia State Bank reported 5 jobs and $40,200 was used to fund payroll.

Derek hutcheson insurance agency, inc. is Existing or more than 2 years old

PPP Loan Search / GA / EASTMAN / Derek hutcheson insurance agency, inc.

DEREK HUTCHESON INSURANCE AGENCY, INC.

Date Approved

04/27/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

DEREK HUTCHESON INSURANCE AGENCY, INC.

Borrower Address

401 MAIN STREET

Borrower City

EASTMAN

Borrower State

GA

Borrower Zip

31023-6245

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

40200.00

Current Approval Amount

40200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19419

Servicing Lender Name

Magnolia State Bank

Servicing Lender Address

130 Oak St

Servicing Lender City

EASTMAN

Servicing Lender State

GA

Servicing Lender Zip

31023-6126

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

EASTMAN

Project County Name

DODGE

Project State

GA

Project Zip

31023-0001

CD

GA-08

Jobs Reported

5

NAICS Code

524210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1000.00

Payroll Proceed

31000.00

Mortgage Interest Proceed

8200.00

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

19419

Originating Lender

Magnolia State Bank

Originating Lender City

EASTMAN

Originating Lender State

GA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

40473.14

Forgiveness Date

01/08/2021

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