PPP Loan information for Grace machine, inc

$226,000

Grace machine, inc was initially approved for PPP Loan of amount $226,000, the current approved amount is $226,000. The loan was approved on 04/13/2020 by The South Louisiana Bank reported 16 jobs and $226,000 was used to fund payroll.

Grace machine, inc is Existing or more than 2 years old

PPP Loan Search / LA / GRAY / Grace machine, inc

GRACE MACHINE, INC

Date Approved

04/13/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

GRACE MACHINE, INC

Borrower Address

3644 MAIN ST

Borrower City

GRAY

Borrower State

LA

Borrower Zip

70359-6122

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

226000.00

Current Approval Amount

226000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

28293

Servicing Lender Name

South Louisiana Bank

Servicing Lender Address

1362 W Tunnel Blvd

Servicing Lender City

HOUMA

Servicing Lender State

LA

Servicing Lender Zip

70360-2731

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAY

Project County Name

TERREBONNE

Project State

LA

Project Zip

70359-6122

CD

LA-06

Jobs Reported

16

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

215000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

6000

Business Type

Subchapter S Corporation

Originating Lender Location Id

28293

Originating Lender

South Louisiana Bank

Originating Lender City

HOUMA

Originating Lender State

LA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

227782.89

Forgiveness Date

01/27/2021

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