PPP Loan information for Otis logging inc.

$150,000

Otis logging inc. was initially approved for PPP Loan of amount $150,000, the current approved amount is $150,000. The loan was approved on 03/24/2021 by The Bank of Franklin reported 16 jobs and $150,000 was used to fund payroll.

Otis logging inc. is Existing or more than 2 years old

PPP Loan Search / MS / McComb / Otis logging inc.

OTIS LOGGING INC.

Date Approved

03/24/2021

SBA Office Code

0470

Processing Method

PPS

Borrower Name

OTIS LOGGING INC.

Borrower Address

116 Price St

Borrower City

McComb

Borrower State

MS

Borrower Zip

39648-3739

Loan Status Date

07/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

150000.00

Current Approval Amount

150000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39593

Servicing Lender Name

Bank of Franklin

Servicing Lender Address

9 Main St E

Servicing Lender City

MEADVILLE

Servicing Lender State

MS

Servicing Lender Zip

39653-9294

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

McComb

Project County Name

PIKE

Project State

MS

Project Zip

39648-3739

CD

MS-03

Jobs Reported

16

NAICS Code

113310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

150000.00

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

39593

Originating Lender

Bank of Franklin

Originating Lender City

MEADVILLE

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

151870.83

Forgiveness Date

06/22/2022

;