PPP Loan information for Madsen machine company

$202,857

Madsen machine company was initially approved for PPP Loan of amount $202,857, the current approved amount is $202,857. The loan was approved on 04/15/2020 by The Synovus Bank reported 19 jobs and $202,857 was used to fund payroll.

Madsen machine company is Existing or more than 2 years old

PPP Loan Search / AL / TUSCALOOSA / Madsen machine company

MADSEN MACHINE COMPANY

Date Approved

04/15/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MADSEN MACHINE COMPANY

Borrower Address

500 39TH ST E

Borrower City

TUSCALOOSA

Borrower State

AL

Borrower Zip

35405-3120

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

202857.00

Current Approval Amount

202857.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19248

Servicing Lender Name

Synovus Bank

Servicing Lender Address

1148 Broadway

Servicing Lender City

COLUMBUS

Servicing Lender State

GA

Servicing Lender Zip

31901-2429

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

TUSCALOOSA

Project County Name

TUSCALOOSA

Project State

AL

Project Zip

35405-3120

CD

AL-07

Jobs Reported

19

NAICS Code

332710

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

202857.00

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

Corporation

Originating Lender Location Id

19248

Originating Lender

Synovus Bank

Originating Lender City

COLUMBUS

Originating Lender State

GA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

204040.80

Forgiveness Date

11/20/2020

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