PPP Loan information for Pace runners, inc

$2,989,000

Pace runners, inc was initially approved for PPP Loan of amount $2,989,000, the current approved amount is $2,989,000. The loan was approved on 04/27/2020 by The ServisFirst Bank reported 265 jobs and $2,989,000 was used to fund payroll.

Pace runners, inc is Existing or more than 2 years old

PPP Loan Search / AL / PELHAM / Pace runners, inc

PACE RUNNERS, INC

Date Approved

04/27/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

PACE RUNNERS, INC

Borrower Address

201 CAHABA VALLEY PKWY

Borrower City

PELHAM

Borrower State

AL

Borrower Zip

35124-1146

Loan Status Date

07/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2989000.00

Current Approval Amount

2989000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434138

Servicing Lender Name

ServisFirst Bank

Servicing Lender Address

2500 Woodcrest Place

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35209-1374

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PELHAM

Project County Name

SHELBY

Project State

AL

Project Zip

35124-1146

CD

AL-06

Jobs Reported

265

NAICS Code

484110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

64000.00

Payroll Proceed

2477000.00

Mortgage Interest Proceed

0.00

Rent Proceed

386000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

62000

Business Type

Corporation

Originating Lender Location Id

434138

Originating Lender

ServisFirst Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

3022211.11

Forgiveness Date

06/10/2021

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