PPP Loan information for Nexan building products, inc.

$297,700

Nexan building products, inc. was initially approved for PPP Loan of amount $297,700, the current approved amount is $297,700. The loan was approved on 04/13/2020 by The Peoples Bank of Alabama reported 31 jobs and $297,700 was used to fund payroll.

Nexan building products, inc. is Existing or more than 2 years old

PPP Loan Search / AL / CULLMAN / Nexan building products, inc.

NEXAN BUILDING PRODUCTS, INC.

Date Approved

04/13/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

NEXAN BUILDING PRODUCTS, INC.

Borrower Address

1213 26th St SW

Borrower City

CULLMAN

Borrower State

AL

Borrower Zip

35055-1202

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

297700.00

Current Approval Amount

297700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2037

Servicing Lender Name

Peoples Bank of Alabama

Servicing Lender Address

1912 Cherokee Ave SW

Servicing Lender City

CULLMAN

Servicing Lender State

AL

Servicing Lender Zip

35055-5595

Rural Urban Indicator

R

Hubzone Indicator

N

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

35055-1202

CD

AL-04

Jobs Reported

31

NAICS Code

238990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

237700.00

Mortgage Interest Proceed

0.00

Rent Proceed

40000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

2037

Originating Lender

Peoples Bank of Alabama

Originating Lender City

CULLMAN

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

300916.81

Forgiveness Date

05/11/2021

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