PPP Loan information for Merchants transfer company

$397,700

Merchants transfer company was initially approved for PPP Loan of amount $397,700, the current approved amount is $397,700. The loan was approved on 04/06/2020 by The Oakworth Capital Bank reported 39 jobs and $397,700 was used to fund payroll.

Merchants transfer company is Existing or more than 2 years old

PPP Loan Search / AL / MOBILE / Merchants transfer company

MERCHANTS TRANSFER COMPANY

Date Approved

04/06/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MERCHANTS TRANSFER COMPANY

Borrower Address

1201 WOODLAND AVE

Borrower City

MOBILE

Borrower State

AL

Borrower Zip

36610-2559

Loan Status Date

06/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

397700.00

Current Approval Amount

397700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

455251

Servicing Lender Name

Oakworth Capital Bank

Servicing Lender Address

850 Shades Creek Pkwy

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35209-4460

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MOBILE

Project County Name

MOBILE

Project State

AL

Project Zip

36610-2559

CD

AL-01

Jobs Reported

39

NAICS Code

493110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

19885.00

Payroll Proceed

298275.00

Mortgage Interest Proceed

19885.00

Rent Proceed

19885.00

Refinance EIDL Proceed

0.00

Health Care Proceed

19885.00

Debt Interest Proceed

19885

Business Type

Subchapter S Corporation

Originating Lender Location Id

455251

Originating Lender

Oakworth Capital Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

400307.14

Forgiveness Date

12/10/2020

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