PPP Loan information for Sold by foma

$499,442

Sold by foma was initially approved for PPP Loan of amount $499,442, the current approved amount is $499,442. The loan was approved on 04/22/2021 by The American Lending Center reported 33 jobs and $499,442 was used to fund payroll.

Sold by foma is Existing or more than 2 years old

PPP Loan Search / GA / Morrow / Sold by foma

SOLD BY FOMA

Date Approved

04/22/2021

SBA Office Code

0405

Processing Method

PPP

Borrower Name

SOLD BY FOMA

Borrower Address

2043 Mount Zion Rd

Borrower City

Morrow

Borrower State

GA

Borrower Zip

30260-3313

Loan Status Date

12/20/2022

Loan Status

Charged Off

Term

38

SBA Guaranty Percentage

100

Initial Approval Amount

499442.11

Current Approval Amount

499442.11

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

530223

Servicing Lender Name

American Lending Center

Servicing Lender Address

1 World Trade Center, Suite 1130

Servicing Lender City

Long Beach

Servicing Lender State

CA

Servicing Lender Zip

90831

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Morrow

Project County Name

CLAYTON

Project State

GA

Project Zip

30260-3313

CD

GA-13

Jobs Reported

33

NAICS Code

454110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

499438.11

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

Limited Liability Company(LLC)

Originating Lender Location Id

530223

Originating Lender

American Lending Center

Originating Lender City

Long Beach

Originating Lender State

CA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

322441.39

Forgiveness Date

12/27/2022

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