PPP Loan information for Palace cleaners inc

$30,700

Palace cleaners inc was initially approved for PPP Loan of amount $30,700, the current approved amount is $30,700. The loan was approved on 04/15/2020 by The CorTrust Bank National Association reported 4 jobs and $30,700 was used to fund payroll.

Palace cleaners inc is Existing or more than 2 years old

PPP Loan Search / SD / MITCHELL / Palace cleaners inc

PALACE CLEANERS INC

Date Approved

04/15/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

PALACE CLEANERS INC

Borrower Address

521 N MAIN ST

Borrower City

MITCHELL

Borrower State

SD

Borrower Zip

57301-1921

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

30700.00

Current Approval Amount

30700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66414

Servicing Lender Name

CorTrust Bank National Association

Servicing Lender Address

100 E Havens Ave

Servicing Lender City

MITCHELL

Servicing Lender State

SD

Servicing Lender Zip

57301-4026

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MITCHELL

Project County Name

DAVISON

Project State

SD

Project Zip

57301-1921

CD

SD-

Jobs Reported

4

NAICS Code

812320

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3837.50

Payroll Proceed

23025.00

Mortgage Interest Proceed

3837.50

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

66414

Originating Lender

CorTrust Bank National Association

Originating Lender City

MITCHELL

Originating Lender State

SD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

30899.34

Forgiveness Date

12/16/2020

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