PPP Loan information for Somerset financial center, inc

$103,800

Somerset financial center, inc was initially approved for PPP Loan of amount $103,800, the current approved amount is $103,800. The loan was approved on 04/08/2020 by The The Citizens National Bank of Somerset reported 12 jobs and $103,800 was used to fund payroll.

Somerset financial center, inc is Existing or more than 2 years old

PPP Loan Search / KY / SOMERSET / Somerset financial center, inc

SOMERSET FINANCIAL CENTER, INC

Date Approved

04/08/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

SOMERSET FINANCIAL CENTER, INC

Borrower Address

205 PARKERS MILL RD

Borrower City

SOMERSET

Borrower State

KY

Borrower Zip

42501-3151

Loan Status Date

12/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

103800.00

Current Approval Amount

103800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27925

Servicing Lender Name

The Citizens National Bank of Somerset

Servicing Lender Address

44 Public Sq

Servicing Lender City

SOMERSET

Servicing Lender State

KY

Servicing Lender Zip

42501-1414

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERSET

Project County Name

PULASKI

Project State

KY

Project Zip

42501-3151

CD

KY-05

Jobs Reported

12

NAICS Code

531320

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

84131.09

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

14668.91

Business Type

Subchapter S Corporation

Originating Lender Location Id

27925

Originating Lender

The Citizens National Bank of Somerset

Originating Lender City

SOMERSET

Originating Lender State

KY

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

104425.68

Forgiveness Date

11/23/2020

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