PPP Loan information for Economy carpets, inc.

$44,600

Economy carpets, inc. was initially approved for PPP Loan of amount $44,600, the current approved amount is $44,600. The loan was approved on 04/08/2020 by The First Metro Bank reported 6 jobs and $44,600 was used to fund payroll.

Economy carpets, inc. is New Business or 2 years or less

PPP Loan Search / AL / MUSCLE SHOALS / Economy carpets, inc.

ECONOMY CARPETS, INC.

Date Approved

04/08/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

ECONOMY CARPETS, INC.

Borrower Address

105 W AVALON AVE

Borrower City

MUSCLE SHOALS

Borrower State

AL

Borrower Zip

35661-2803

Loan Status Date

03/30/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

44600.00

Current Approval Amount

44600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112619

Servicing Lender Name

First Metro Bank

Servicing Lender Address

406 W Avalon Ave

Servicing Lender City

MUSCLE SHOALS

Servicing Lender State

AL

Servicing Lender Zip

35661-2808

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

MUSCLE SHOALS

Project County Name

COLBERT

Project State

AL

Project Zip

35661-2803

CD

AL-04

Jobs Reported

6

NAICS Code

453998

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4460.00

Payroll Proceed

33450.00

Mortgage Interest Proceed

6690.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

112619

Originating Lender

First Metro Bank

Originating Lender City

MUSCLE SHOALS

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

45185.99

Forgiveness Date

08/02/2021

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