PPP Loan information for Southern classic, inc.

$415,000

Southern classic, inc. was initially approved for PPP Loan of amount $415,000, the current approved amount is $415,000. The loan was approved on 04/05/2020 by The The Bank of Marion reported 85 jobs and $415,000 was used to fund payroll.

Southern classic, inc. is Existing or more than 2 years old

PPP Loan Search / TN / JOHNSON CITY / Southern classic, inc.

SOUTHERN CLASSIC, INC.

Date Approved

04/05/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

SOUTHERN CLASSIC, INC.

Borrower Address

518 West Oakland Ave

Borrower City

JOHNSON CITY

Borrower State

TN

Borrower Zip

37604-1654

Loan Status Date

05/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

415000.00

Current Approval Amount

415000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73524

Servicing Lender Name

The Bank of Marion

Servicing Lender Address

102 W Main St

Servicing Lender City

MARION

Servicing Lender State

VA

Servicing Lender Zip

24354-2514

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

JOHNSON CITY

Project County Name

WASHINGTON

Project State

TN

Project Zip

37604-1654

CD

TN-01

Jobs Reported

85

NAICS Code

811192

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

75000.00

Payroll Proceed

332000.00

Mortgage Interest Proceed

8000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

73524

Originating Lender

The Bank of Marion

Originating Lender City

MARION

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

419229.59

Forgiveness Date

04/22/2021

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