PPP Loan information for Southern automatic inc.

$50,981

Southern automatic inc. was initially approved for PPP Loan of amount $50,981, the current approved amount is $50,981. The loan was approved on 01/26/2021 by The First Farmers Bank & Trust Co. reported 18 jobs and $50,981 was used to fund payroll.

Southern automatic inc. is Existing or more than 2 years old

PPP Loan Search / IN / Kokomo / Southern automatic inc.

SOUTHERN AUTOMATIC INC.

Date Approved

01/26/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

SOUTHERN AUTOMATIC INC.

Borrower Address

305 S Main St

Borrower City

Kokomo

Borrower State

IN

Borrower Zip

46901-5463

Loan Status Date

11/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

50981.00

Current Approval Amount

50981.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23025

Servicing Lender Name

First Farmers Bank & Trust Co.

Servicing Lender Address

123 N Jefferson St

Servicing Lender City

CONVERSE

Servicing Lender State

IN

Servicing Lender Zip

46919

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Kokomo

Project County Name

HOWARD

Project State

IN

Project Zip

46901-5463

CD

IN-05

Jobs Reported

18

NAICS Code

722410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

50980.00

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

23025

Originating Lender

First Farmers Bank & Trust Co.

Originating Lender City

CONVERSE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

51348.34

Forgiveness Date

10/25/2021

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