PPP Loan information for Southern material handling, inc.

$165,472

Southern material handling, inc. was initially approved for PPP Loan of amount $165,472, the current approved amount is $165,472. The loan was approved on 04/27/2020 by The The Old Point National Bank of Phoebus reported 12 jobs and $165,472 was used to fund payroll.

Southern material handling, inc. is New Business or 2 years or less

PPP Loan Search / VA / Portsmouth / Southern material handling, inc.

SOUTHERN MATERIAL HANDLING, INC.

Date Approved

04/27/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

SOUTHERN MATERIAL HANDLING, INC.

Borrower Address

3015 Airline Boulevard

Borrower City

Portsmouth

Borrower State

VA

Borrower Zip

23701

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

165472.00

Current Approval Amount

165472.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73444

Servicing Lender Name

The Old Point National Bank of Phoebus

Servicing Lender Address

1 W Mellen St

Servicing Lender City

HAMPTON

Servicing Lender State

VA

Servicing Lender Zip

23663-2305

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

Portsmouth

Project County Name

PORTSMOUTH CITY

Project State

VA

Project Zip

23701-0001

CD

VA-03

Jobs Reported

12

NAICS Code

238290

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

165472.00

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

Subchapter S Corporation

Originating Lender Location Id

73444

Originating Lender

The Old Point National Bank of Phoebus

Originating Lender City

HAMPTON

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

167623.14

Forgiveness Date

08/19/2021

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