PPP Loan information for Mortgage corporation of the south, inc.

$54,000

Mortgage corporation of the south, inc. was initially approved for PPP Loan of amount $54,000, the current approved amount is $54,000. The loan was approved on 04/15/2020 by The River Bank & Trust reported 4 jobs and $54,000 was used to fund payroll.

Mortgage corporation of the south, inc. is Existing or more than 2 years old

PPP Loan Search / AL / WETUMPKA / Mortgage corporation of the south, inc.

MORTGAGE CORPORATION OF THE SOUTH, INC.

Date Approved

04/15/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MORTGAGE CORPORATION OF THE SOUTH, INC.

Borrower Address

401 South MAIN ST

Borrower City

WETUMPKA

Borrower State

AL

Borrower Zip

36092-2808

Loan Status Date

10/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

54000.00

Current Approval Amount

54000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

440693

Servicing Lender Name

River Bank & Trust

Servicing Lender Address

2611 Legends Dr

Servicing Lender City

PRATTVILLE

Servicing Lender State

AL

Servicing Lender Zip

36066-7761

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WETUMPKA

Project County Name

ELMORE

Project State

AL

Project Zip

36092-2808

CD

AL-02

Jobs Reported

4

NAICS Code

522292

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

5400.00

Payroll Proceed

40600.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

8000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

440693

Originating Lender

River Bank & Trust

Originating Lender City

PRATTVILLE

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

54726.00

Forgiveness Date

08/23/2021

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