PPP Loan information for Formosa management, llc

$58,100

Formosa management, llc was initially approved for PPP Loan of amount $58,100, the current approved amount is $58,100. The loan was approved on 04/09/2020 by The Southern Bank and Trust Company reported 12 jobs and $58,100 was used to fund payroll.

Formosa management, llc is Existing or more than 2 years old

PPP Loan Search / NC / WALLACE / Formosa management, llc

FORMOSA MANAGEMENT, LLC

Date Approved

04/09/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

FORMOSA MANAGEMENT, LLC

Borrower Address

112 S WEST RAILROAD ST

Borrower City

WALLACE

Borrower State

NC

Borrower Zip

28466-1849

Loan Status Date

05/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

58100.00

Current Approval Amount

58100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50882

Servicing Lender Name

Southern Bank and Trust Company

Servicing Lender Address

100 N Center St

Servicing Lender City

MOUNT OLIVE

Servicing Lender State

NC

Servicing Lender Zip

28365-1701

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WALLACE

Project County Name

DUPLIN

Project State

NC

Project Zip

28466-1849

CD

NC-03

Jobs Reported

12

NAICS Code

541620

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

58100.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

50882

Originating Lender

Southern Bank and Trust Company

Originating Lender City

MOUNT OLIVE

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

58677.77

Forgiveness Date

04/12/2021

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