PPP Loan information for Formation development group, llc

$198,374

Formation development group, llc was initially approved for PPP Loan of amount $198,375, the current approved amount is $198,374. The loan was approved on 04/14/2020 by The Texas Capital Bank reported 7 jobs and $198,374 was used to fund payroll.

Formation development group, llc is Existing or more than 2 years old

PPP Loan Search / GA / Alpharetta / Formation development group, llc

FORMATION DEVELOPMENT GROUP, LLC

Date Approved

04/14/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

FORMATION DEVELOPMENT GROUP, LLC

Borrower Address

178 S Main St Ste 375

Borrower City

Alpharetta

Borrower State

GA

Borrower Zip

30009-7919

Loan Status Date

06/16/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

198375.00

Current Approval Amount

198374.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121598

Servicing Lender Name

Texas Capital Bank

Servicing Lender Address

2000 McKinney Ave, Ste 700

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-1985

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Alpharetta

Project County Name

FULTON

Project State

GA

Project Zip

30009-7919

CD

GA-06

Jobs Reported

7

NAICS Code

531390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

191087.04

Mortgage Interest Proceed

0.00

Rent Proceed

7286.96

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

121598

Originating Lender

Texas Capital Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

122802.55

Forgiveness Date

06/11/2021

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