PPP Loan information for Southern alloy corporation

$686,000

Southern alloy corporation was initially approved for PPP Loan of amount $686,000, the current approved amount is $686,000. The loan was approved on 04/08/2020 by The Cadence Bank reported 86 jobs and $686,000 was used to fund payroll.

Southern alloy corporation is Existing or more than 2 years old

PPP Loan Search / AL / SYLACAUGA / Southern alloy corporation

SOUTHERN ALLOY CORPORATION

Date Approved

04/08/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

SOUTHERN ALLOY CORPORATION

Borrower Address

36280 U.S. 280

Borrower City

SYLACAUGA

Borrower State

AL

Borrower Zip

35150-7430

Loan Status Date

04/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

686000.00

Current Approval Amount

686000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39848

Servicing Lender Name

Cadence Bank

Servicing Lender Address

201 S Spring St

Servicing Lender City

TUPELO

Servicing Lender State

MS

Servicing Lender Zip

38804-4811

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SYLACAUGA

Project County Name

TALLADEGA

Project State

AL

Project Zip

35150-7430

CD

AL-03

Jobs Reported

86

NAICS Code

331529

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

686000.00

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

39848

Originating Lender

Cadence Bank

Originating Lender City

TUPELO

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

689830.17

Forgiveness Date

11/19/2020

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