PPP Loan information for Favor steel and fabricating inc.

$497,629

Favor steel and fabricating inc. was initially approved for PPP Loan of amount $497,629, the current approved amount is $497,629. The loan was approved on 02/12/2021 by The SouthPoint Bank reported 52 jobs and $497,629 was used to fund payroll.

Favor steel and fabricating inc. is Existing or more than 2 years old

PPP Loan Search / AL / Birmingham / Favor steel and fabricating inc.

FAVOR STEEL AND FABRICATING INC.

Date Approved

02/12/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

FAVOR STEEL AND FABRICATING INC.

Borrower Address

4301 Coalburg Rd

Borrower City

Birmingham

Borrower State

AL

Borrower Zip

35207-1642

Loan Status Date

02/17/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

497628.57

Current Approval Amount

497628.57

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

437056

Servicing Lender Name

SouthPoint Bank

Servicing Lender Address

3501 Grandview Pkwy

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35243-1930

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Birmingham

Project County Name

JEFFERSON

Project State

AL

Project Zip

35207-1642

CD

AL-07

Jobs Reported

52

NAICS Code

331221

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

497626.57

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

437056

Originating Lender

SouthPoint Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

502314.57

Forgiveness Date

01/19/2022

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