PPP Loan information for Southern medical equipment corporation

$179,605

Southern medical equipment corporation was initially approved for PPP Loan of amount $179,605, the current approved amount is $179,605. The loan was approved on 04/09/2020 by The Premier Bank of the South reported 21 jobs and $179,605 was used to fund payroll.

Southern medical equipment corporation is Existing or more than 2 years old

PPP Loan Search / AL / CULLMAN / Southern medical equipment corporation

SOUTHERN MEDICAL EQUIPMENT CORPORATION

Date Approved

04/09/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

SOUTHERN MEDICAL EQUIPMENT CORPORATION

Borrower Address

110 3RD AVE SE

Borrower City

CULLMAN

Borrower State

AL

Borrower Zip

35055-3525

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

179605.00

Current Approval Amount

179605.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112149

Servicing Lender Name

Premier Bank of the South

Servicing Lender Address

101 First Ave NW

Servicing Lender City

CULLMAN

Servicing Lender State

AL

Servicing Lender Zip

35055-3425

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

35055-3525

CD

AL-04

Jobs Reported

21

NAICS Code

446199

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

5920.44

Payroll Proceed

143684.56

Mortgage Interest Proceed

10000.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

112149

Originating Lender

Premier Bank of the South

Originating Lender City

CULLMAN

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

180637.73

Forgiveness Date

11/03/2020

;