PPP Loan information for Reform mercantile company, inc.

$111,580

Reform mercantile company, inc. was initially approved for PPP Loan of amount $111,580, the current approved amount is $111,580. The loan was approved on 04/10/2020 by The First State Bank of the South, Inc. reported 29 jobs and $111,580 was used to fund payroll.

Reform mercantile company, inc. is Existing or more than 2 years old

PPP Loan Search / AL / REFORM / Reform mercantile company, inc.

REFORM MERCANTILE COMPANY, INC.

Date Approved

04/10/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

REFORM MERCANTILE COMPANY, INC.

Borrower Address

709 1ST AVE W

Borrower City

REFORM

Borrower State

AL

Borrower Zip

35481-2203

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

111580.00

Current Approval Amount

111580.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3293

Servicing Lender Name

First State Bank of the South, Inc.

Servicing Lender Address

5856 Hwy 278

Servicing Lender City

SULLIGENT

Servicing Lender State

AL

Servicing Lender Zip

35586-5586

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

REFORM

Project County Name

PICKENS

Project State

AL

Project Zip

35481-2203

CD

AL-07

Jobs Reported

29

NAICS Code

445110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3580.00

Payroll Proceed

105000.00

Mortgage Interest Proceed

0.00

Rent Proceed

3000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

3293

Originating Lender

First State Bank of the South, Inc.

Originating Lender City

SULLIGENT

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

112187.49

Forgiveness Date

11/03/2020

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