PPP Loan information for Wallace lumber company

$1,870,030

Wallace lumber company was initially approved for PPP Loan of amount $1,870,030, the current approved amount is $1,870,030. The loan was approved on 03/16/2021 by The Regions Bank reported 172 jobs and $1,870,030 was used to fund payroll.

Wallace lumber company is Existing or more than 2 years old

PPP Loan Search / MS / Summit / Wallace lumber company

WALLACE LUMBER COMPANY

Date Approved

03/16/2021

SBA Office Code

0470

Processing Method

PPS

Borrower Name

WALLACE LUMBER COMPANY

Borrower Address

6521 County Line Rd

Borrower City

Summit

Borrower State

MS

Borrower Zip

39666-7044

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1870030.00

Current Approval Amount

1870030.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Summit

Project County Name

AMITE

Project State

MS

Project Zip

39666-7044

CD

MS-03

Jobs Reported

172

NAICS Code

321113

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1870026.00

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

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1877868.76

Forgiveness Date

08/25/2021

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