PPP Loan information for Mcdonald distributing inc

$13,538

Mcdonald distributing inc was initially approved for PPP Loan of amount $13,538, the current approved amount is $13,538. The loan was approved on 04/09/2020 by The Farmers and Merchants Bank reported 1 jobs and $13,538 was used to fund payroll.

Mcdonald distributing inc is Existing or more than 2 years old

PPP Loan Search / AL / LANETT / Mcdonald distributing inc

MCDONALD DISTRIBUTING INC

Date Approved

04/09/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MCDONALD DISTRIBUTING INC

Borrower Address

825 70TH AVE NW

Borrower City

LANETT

Borrower State

AL

Borrower Zip

36863-5621

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

13537.55

Current Approval Amount

13537.55

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2074

Servicing Lender Name

Farmers and Merchants Bank

Servicing Lender Address

2 First St North E

Servicing Lender City

LAFAYETTE

Servicing Lender State

AL

Servicing Lender Zip

36862

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LANETT

Project County Name

CHAMBERS

Project State

AL

Project Zip

36863-5621

CD

AL-03

Jobs Reported

1

NAICS Code

541320

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

13537.55

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

2074

Originating Lender

Farmers and Merchants Bank

Originating Lender City

LAFAYETTE

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

13648.11

Forgiveness Date

02/01/2021

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