PPP Loan information for Welch motor company

$341,000

Welch motor company was initially approved for PPP Loan of amount $341,000, the current approved amount is $341,000. The loan was approved on 04/05/2020 by The Relyance Bank reported 30 jobs and $341,000 was used to fund payroll.

Welch motor company is Existing or more than 2 years old

PPP Loan Search / AR / PINE BLUFF / Welch motor company

WELCH MOTOR COMPANY

Date Approved

04/05/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

WELCH MOTOR COMPANY

Borrower Address

2505 OLIVE ST

Borrower City

PINE BLUFF

Borrower State

AR

Borrower Zip

71601-7854

Loan Status Date

08/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

341000.00

Current Approval Amount

341000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4672

Servicing Lender Name

Relyance Bank

Servicing Lender Address

8500 Sheridan Rd

Servicing Lender City

White Hall

Servicing Lender State

AR

Servicing Lender Zip

71602

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PINE BLUFF

Project County Name

JEFFERSON

Project State

AR

Project Zip

71601-7854

CD

AR-04

Jobs Reported

30

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

341000.00

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

4672

Originating Lender

Relyance Bank

Originating Lender City

White Hall

Originating Lender State

AR

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

345300.39

Forgiveness Date

07/08/2021

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