PPP Loan information for New south inc

$793,400

New south inc was initially approved for PPP Loan of amount $793,400, the current approved amount is $793,400. The loan was approved on 04/06/2020 by The The Citizens National Bank of Meridian reported 65 jobs and $793,400 was used to fund payroll.

New south inc is Existing or more than 2 years old

PPP Loan Search / MS / MERIDIAN / New south inc

NEW SOUTH INC

Date Approved

04/06/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

NEW SOUTH INC

Borrower Address

1200 N FRONTAGE RD

Borrower City

MERIDIAN

Borrower State

MS

Borrower Zip

39301-6149

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

793400.00

Current Approval Amount

793400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39604

Servicing Lender Name

The Citizens National Bank of Meridian

Servicing Lender Address

512 22nd Ave

Servicing Lender City

MERIDIAN

Servicing Lender State

MS

Servicing Lender Zip

39301-5853

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MERIDIAN

Project County Name

LAUDERDALE

Project State

MS

Project Zip

39301-6149

CD

MS-03

Jobs Reported

65

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

99175.00

Payroll Proceed

595050.00

Mortgage Interest Proceed

99175.00

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

39604

Originating Lender

The Citizens National Bank of Meridian

Originating Lender City

MERIDIAN

Originating Lender State

MS

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

797984.09

Forgiveness Date

11/03/2020

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