PPP Loan information for Farrell distributing corporation

$4,000,000

Farrell distributing corporation was initially approved for PPP Loan of amount $4,000,000, the current approved amount is $4,000,000. The loan was approved on 04/14/2020 by The Community National Bank reported 326 jobs and $4,000,000 was used to fund payroll.

Farrell distributing corporation is Existing or more than 2 years old

PPP Loan Search / VT / SOUTH BURLINGTON / Farrell distributing corporation

FARRELL DISTRIBUTING CORPORATION

Date Approved

04/14/2020

SBA Office Code

0150

Processing Method

PPP

Borrower Name

FARRELL DISTRIBUTING CORPORATION

Borrower Address

5 Holmes Road

Borrower City

SOUTH BURLINGTON

Borrower State

VT

Borrower Zip

05403

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4000000.00

Current Approval Amount

4000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72972

Servicing Lender Name

Community National Bank

Servicing Lender Address

4811 US Rte 5

Servicing Lender City

DERBY

Servicing Lender State

VT

Servicing Lender Zip

05829

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOUTH BURLINGTON

Project County Name

CHITTENDEN

Project State

VT

Project Zip

05403-1200

CD

VT-

Jobs Reported

326

NAICS Code

424490

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

4000000.00

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

72972

Originating Lender

Community National Bank

Originating Lender City

DERBY

Originating Lender State

VT

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

4045150.68

Forgiveness Date

06/11/2021

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