PPP Loan information for Sterling machinery inc

$943,097

Sterling machinery inc was initially approved for PPP Loan of amount $943,097, the current approved amount is $943,097. The loan was approved on 01/22/2021 by The The Union Bank of Mena reported 69 jobs and $943,097 was used to fund payroll.

Sterling machinery inc is Existing or more than 2 years old

PPP Loan Search / AR / Mena / Sterling machinery inc

STERLING MACHINERY INC

Date Approved

01/22/2021

SBA Office Code

0669

Processing Method

PPS

Borrower Name

STERLING MACHINERY INC

Borrower Address

104 Port Arthur Ave

Borrower City

Mena

Borrower State

AR

Borrower Zip

71953-3344

Loan Status Date

08/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

943097.00

Current Approval Amount

943097.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4563

Servicing Lender Name

The Union Bank of Mena

Servicing Lender Address

303 Hwy 71 N

Servicing Lender City

MENA

Servicing Lender State

AR

Servicing Lender Zip

71953-4349

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mena

Project County Name

POLK

Project State

AR

Project Zip

71953-3344

CD

AR-04

Jobs Reported

69

NAICS Code

333120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

943091.00

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

4563

Originating Lender

The Union Bank of Mena

Originating Lender City

MENA

Originating Lender State

AR

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

947340.94

Forgiveness Date

07/07/2021

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