PPP Loan information for Southern torch inc

$31,100

Southern torch inc was initially approved for PPP Loan of amount $31,100, the current approved amount is $31,100. The loan was approved on 04/28/2020 by The Peoples Independent Bank reported 7 jobs and $31,100 was used to fund payroll.

Southern torch inc is Existing or more than 2 years old

PPP Loan Search / AL / RAINSVILLE / Southern torch inc

SOUTHERN TORCH INC

Date Approved

04/28/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

SOUTHERN TORCH INC

Borrower Address

203 Main Street E

Borrower City

RAINSVILLE

Borrower State

AL

Borrower Zip

35986-4544

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

31100.00

Current Approval Amount

31100.00

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

RAINSVILLE

Project County Name

DE KALB

Project State

AL

Project Zip

35986-4544

CD

AL-04

Jobs Reported

7

NAICS Code

511110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

31100.00

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

112423

Originating Lender

Peoples Independent Bank

Originating Lender City

BOAZ

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

31347.94

Forgiveness Date

02/10/2021

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