PPP Loan information for South branch inn inc

$270,000

South branch inn inc was initially approved for PPP Loan of amount $270,000, the current approved amount is $270,000. The loan was approved on 04/03/2021 by The Summit Community Bank, Inc. reported 25 jobs and $270,000 was used to fund payroll.

South branch inn inc is Existing or more than 2 years old

PPP Loan Search / WV / Moorefield / South branch inn inc

SOUTH BRANCH INN INC

Date Approved

04/03/2021

SBA Office Code

0390

Processing Method

PPS

Borrower Name

SOUTH BRANCH INN INC

Borrower Address

1500 US Highway 220 N

Borrower City

Moorefield

Borrower State

WV

Borrower Zip

26836-8604

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

270000.00

Current Approval Amount

270000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119785

Servicing Lender Name

Summit Community Bank, Inc.

Servicing Lender Address

310 N Main St

Servicing Lender City

MOOREFIELD

Servicing Lender State

WV

Servicing Lender Zip

26836-1055

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Moorefield

Project County Name

HARDY

Project State

WV

Project Zip

26836-8604

CD

WV-02

Jobs Reported

25

NAICS Code

721110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

269996.00

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

Corporation

Originating Lender Location Id

119785

Originating Lender

Summit Community Bank, Inc.

Originating Lender City

MOOREFIELD

Originating Lender State

WV

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

271552.50

Forgiveness Date

11/01/2021

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