PPP Loan information for Tanksley machine & tool, inc.

$350,000

Tanksley machine & tool, inc. was initially approved for PPP Loan of amount $350,000, the current approved amount is $350,000. The loan was approved on 04/08/2020 by The Peoples Bank of Alabama reported 29 jobs and $350,000 was used to fund payroll.

Tanksley machine & tool, inc. is Existing or more than 2 years old

PPP Loan Search / AL / DECATUR / Tanksley machine & tool, inc.

TANKSLEY MACHINE & TOOL, INC.

Date Approved

04/08/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

TANKSLEY MACHINE & TOOL, INC.

Borrower Address

1407 Southfield Drive SE

Borrower City

DECATUR

Borrower State

AL

Borrower Zip

35603-1440

Loan Status Date

11/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

350000.00

Current Approval Amount

350000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2037

Servicing Lender Name

Peoples Bank of Alabama

Servicing Lender Address

1912 Cherokee Ave SW

Servicing Lender City

CULLMAN

Servicing Lender State

AL

Servicing Lender Zip

35055-5595

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DECATUR

Project County Name

MORGAN

Project State

AL

Project Zip

35603-1440

CD

AL-05

Jobs Reported

29

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

13400.00

Payroll Proceed

314959.00

Mortgage Interest Proceed

0.00

Rent Proceed

7000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

14641

Business Type

Subchapter S Corporation

Originating Lender Location Id

2037

Originating Lender

Peoples Bank of Alabama

Originating Lender City

CULLMAN

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

351973.61

Forgiveness Date

11/03/2020

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