PPP Loan information for Southern parallel forest products corporation

Date Approved

04/04/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

SOUTHERN PARALLEL FOREST PRODUCTS CORPORATION

Borrower Address

660 INDUSTRIAL BLVD

Borrower City

ALBERTVILLE

Borrower State

AL

Borrower Zip

35950-8729

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1706800.00

Current Approval Amount

1706800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112423

Servicing Lender Name

Peoples Independent Bank

Servicing Lender Address

121 Billy B Dyar Blvd

Servicing Lender City

BOAZ

Servicing Lender State

AL

Servicing Lender Zip

35957

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALBERTVILLE

Project County Name

MARSHALL

Project State

AL

Project Zip

35950-8729

CD

AL-04

Jobs Reported

145

NAICS Code

321113

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

1683700.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

13100.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

112423

Originating Lender

Peoples Independent Bank

Originating Lender City

BOAZ

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1723583.53

Forgiveness Date

03/29/2021