PPP Loan information for Southern electric motor service

$74,313

Southern electric motor service was initially approved for PPP Loan of amount $74,313, the current approved amount is $74,313. The loan was approved on 03/31/2021 by The River Bank & Trust reported 6 jobs and $74,313 was used to fund payroll.

Southern electric motor service is Existing or more than 2 years old

PPP Loan Search / AL / Enterprise / Southern electric motor service

SOUTHERN ELECTRIC MOTOR SERVICE

Date Approved

03/31/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

SOUTHERN ELECTRIC MOTOR SERVICE

Borrower Address

5371 Boll Weevil Cir

Borrower City

Enterprise

Borrower State

AL

Borrower Zip

36330-6216

Loan Status Date

09/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

74312.50

Current Approval Amount

74312.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

440693

Servicing Lender Name

River Bank & Trust

Servicing Lender Address

2611 Legends Dr

Servicing Lender City

PRATTVILLE

Servicing Lender State

AL

Servicing Lender Zip

36066-7761

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Enterprise

Project County Name

COFFEE

Project State

AL

Project Zip

36330-6216

CD

AL-02

Jobs Reported

6

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

74310.50

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

440693

Originating Lender

River Bank & Trust

Originating Lender City

PRATTVILLE

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

75350.81

Forgiveness Date

08/18/2022

;