PPP Loan information for Formetco, incorporated

$1,355,500

Formetco, incorporated was initially approved for PPP Loan of amount $1,355,500, the current approved amount is $1,355,500. The loan was approved on 04/15/2020 by The United Community Bank reported 128 jobs and $1,355,500 was used to fund payroll.

Formetco, incorporated is Existing or more than 2 years old

PPP Loan Search / GA / DULUTH / Formetco, incorporated

FORMETCO, INCORPORATED

Date Approved

04/15/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

FORMETCO, INCORPORATED

Borrower Address

2963 Pleasant Hill Road

Borrower City

DULUTH

Borrower State

GA

Borrower Zip

30096

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1355500.00

Current Approval Amount

1355500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19133

Servicing Lender Name

United Community Bank

Servicing Lender Address

177 Hwy 515 E

Servicing Lender City

BLAIRSVILLE

Servicing Lender State

GA

Servicing Lender Zip

30512-8579

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DULUTH

Project County Name

GWINNETT

Project State

GA

Project Zip

30096-0001

CD

GA-07

Jobs Reported

128

NAICS Code

339950

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1355500.00

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

19133

Originating Lender

United Community Bank

Originating Lender City

BLAIRSVILLE

Originating Lender State

GA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1362630.30

Forgiveness Date

11/03/2020

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