PPP Loan information for Processors inc

$605,167

Processors inc was initially approved for PPP Loan of amount $605,167, the current approved amount is $605,167. The loan was approved on 04/14/2020 by The Community First Bank reported 106 jobs and $605,167 was used to fund payroll.

Processors inc is Existing or more than 2 years old

PROCESSORS INC

Date Approved

04/14/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

PROCESSORS INC

Borrower Address

1093 HENDERSON HWY

Borrower City

BREAUX BRIDGE

Borrower State

LA

Borrower Zip

70517-7728

Loan Status Date

05/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

605166.72

Current Approval Amount

605166.72

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123984

Servicing Lender Name

Community First Bank

Servicing Lender Address

1101 E Admiral Doyle Dr

Servicing Lender City

NEW IBERIA

Servicing Lender State

LA

Servicing Lender Zip

70560-6300

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BREAUX BRIDGE

Project County Name

SAINT MARTIN

Project State

LA

Project Zip

70517-7728

CD

LA-03

Jobs Reported

106

NAICS Code

424460

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

120000.00

Payroll Proceed

460666.72

Mortgage Interest Proceed

0.00

Rent Proceed

800.00

Refinance EIDL Proceed

0.00

Health Care Proceed

23700.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

123984

Originating Lender

Community First Bank

Originating Lender City

NEW IBERIA

Originating Lender State

LA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

611268.82

Forgiveness Date

04/22/2021

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