PPP Loan information for Security & alarm systems inc

$301,700

Security & alarm systems inc was initially approved for PPP Loan of amount $301,700, the current approved amount is $301,700. The loan was approved on 04/04/2020 by The The Bank of Magnolia Company reported 24 jobs and $301,700 was used to fund payroll.

Security & alarm systems inc is Existing or more than 2 years old

SECURITY & ALARM SYSTEMS INC

Date Approved

04/04/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

SECURITY & ALARM SYSTEMS INC

Borrower Address

7026 SUNSET STRIP AVE NW

Borrower City

NORTH CANTON

Borrower State

OH

Borrower Zip

44720-7077

Loan Status Date

03/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

301700.00

Current Approval Amount

301700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57711

Servicing Lender Name

The Bank of Magnolia Company

Servicing Lender Address

122 N Main St

Servicing Lender City

MAGNOLIA

Servicing Lender State

OH

Servicing Lender Zip

44643-9216

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NORTH CANTON

Project County Name

STARK

Project State

OH

Project Zip

44720-7077

CD

OH-13

Jobs Reported

24

NAICS Code

561621

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

30700.00

Payroll Proceed

254000.00

Mortgage Interest Proceed

0.00

Rent Proceed

17000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

57711

Originating Lender

The Bank of Magnolia Company

Originating Lender City

MAGNOLIA

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

292730.05

Forgiveness Date

11/17/2020

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