PPP Loan information for Desperation church, inc.

$168,200

Desperation church, inc. was initially approved for PPP Loan of amount $168,200, the current approved amount is $168,200. The loan was approved on 04/05/2020 by The Traditions Bank reported 23 jobs and $168,200 was used to fund payroll.

Desperation church, inc. is Existing or more than 2 years old

PPP Loan Search / AL / CULLMAN / Desperation church, inc.

DESPERATION CHURCH, INC.

Date Approved

04/05/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

DESPERATION CHURCH, INC.

Borrower Address

510 5TH ST SW

Borrower City

CULLMAN

Borrower State

AL

Borrower Zip

35055-3631

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

168200.00

Current Approval Amount

168200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

328816

Servicing Lender Name

Traditions Bank

Servicing Lender Address

109 2nd Ave NW

Servicing Lender City

CULLMAN

Servicing Lender State

AL

Servicing Lender Zip

35055-3426

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CULLMAN

Project County Name

CULLMAN

Project State

AL

Project Zip

35055-3631

CD

AL-04

Jobs Reported

23

NAICS Code

813110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

168200.00

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

328816

Originating Lender

Traditions Bank

Originating Lender City

CULLMAN

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

169181.17

Forgiveness Date

11/03/2020

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