PPP Loan information for Thornton welding and machine inc

$454,000

Thornton welding and machine inc was initially approved for PPP Loan of amount $454,000, the current approved amount is $454,000. The loan was approved on 04/04/2020 by The Cadence Bank reported 27 jobs and $454,000 was used to fund payroll.

Thornton welding and machine inc is Existing or more than 2 years old

PPP Loan Search / AL / TUSCALOOSA / Thornton welding and machine inc

THORNTON WELDING AND MACHINE INC

Date Approved

04/04/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

THORNTON WELDING AND MACHINE INC

Borrower Address

6001 GROVER BURCHFIELD DR

Borrower City

TUSCALOOSA

Borrower State

AL

Borrower Zip

35401-9337

Loan Status Date

06/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

454000.00

Current Approval Amount

454000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39848

Servicing Lender Name

Cadence Bank

Servicing Lender Address

201 S Spring St

Servicing Lender City

TUPELO

Servicing Lender State

MS

Servicing Lender Zip

38804-4811

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

TUSCALOOSA

Project County Name

TUSCALOOSA

Project State

AL

Project Zip

35401-9337

CD

AL-07

Jobs Reported

27

NAICS Code

333111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

454000.00

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

39848

Originating Lender

Cadence Bank

Originating Lender City

TUPELO

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

458767.00

Forgiveness Date

05/20/2021

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