PPP Loan information for Elite equipment rental, inc.

$299,336

Elite equipment rental, inc. was initially approved for PPP Loan of amount $299,336, the current approved amount is $299,336. The loan was approved on 04/07/2020 by The Merit Bank reported 17 jobs and $299,336 was used to fund payroll.

Elite equipment rental, inc. is Existing or more than 2 years old

PPP Loan Search / AL / DECATUR / Elite equipment rental, inc.

ELITE EQUIPMENT RENTAL, INC.

Date Approved

04/07/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

ELITE EQUIPMENT RENTAL, INC.

Borrower Address

93 REFRESHMENT PL

Borrower City

DECATUR

Borrower State

AL

Borrower Zip

35601-7434

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

299336.00

Current Approval Amount

299336.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3332

Servicing Lender Name

Merit Bank

Servicing Lender Address

659 Gallatin St SW

Servicing Lender City

HUNTSVILLE

Servicing Lender State

AL

Servicing Lender Zip

35801-4914

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DECATUR

Project County Name

MORGAN

Project State

AL

Project Zip

35601-7434

CD

AL-05

Jobs Reported

17

NAICS Code

532490

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

299336.00

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

3332

Originating Lender

Merit Bank

Originating Lender City

HUNTSVILLE

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

300998.98

Forgiveness Date

11/03/2020

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