PPP Loan information for Babcon inc

$505,795

Babcon inc was initially approved for PPP Loan of amount $505,795, the current approved amount is $505,795. The loan was approved on 01/27/2021 by The Cumberland Valley National Bank & Trust Company reported 38 jobs and $505,795 was used to fund payroll.

Babcon inc is Existing or more than 2 years old

BABCON INC

Date Approved

01/27/2021

SBA Office Code

0457

Processing Method

PPS

Borrower Name

BABCON INC

Borrower Address

147 S Estill Ave

Borrower City

Richmond

Borrower State

KY

Borrower Zip

40475-2013

Loan Status Date

10/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

505795.00

Current Approval Amount

505795.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27235

Servicing Lender Name

Cumberland Valley National Bank & Trust Company

Servicing Lender Address

1112 Hwy 490

Servicing Lender City

EAST BERNSTADT

Servicing Lender State

KY

Servicing Lender Zip

40729

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Richmond

Project County Name

MADISON

Project State

KY

Project Zip

40475-2013

CD

KY-06

Jobs Reported

38

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

505793.00

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

27235

Originating Lender

Cumberland Valley National Bank & Trust Company

Originating Lender City

EAST BERNSTADT

Originating Lender State

KY

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

508843.82

Forgiveness Date

09/07/2021

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