PPP Loan information for Shearer & associates inc

$428,362

Shearer & associates inc was initially approved for PPP Loan of amount $428,362, the current approved amount is $428,362. The loan was approved on 03/20/2021 by The Regions Bank reported 25 jobs and $428,362 was used to fund payroll.

Shearer & associates inc is Existing or more than 2 years old

PPP Loan Search / AL / Huntsville / Shearer & associates inc

SHEARER & ASSOCIATES INC

Date Approved

03/20/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

SHEARER & ASSOCIATES INC

Borrower Address

4960 Corporate Dr NW

Borrower City

Huntsville

Borrower State

AL

Borrower Zip

35805-6215

Loan Status Date

12/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

428362.00

Current Approval Amount

428362.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Huntsville

Project County Name

MADISON

Project State

AL

Project Zip

35805-6215

CD

AL-05

Jobs Reported

25

NAICS Code

541330

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

428360.00

Mortgage Interest Proceed

0.00

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

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

431166.89

Forgiveness Date

11/19/2021

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