PPP Loan information for Sovereign distributors, inc.

$4,696,300

Sovereign distributors, inc. was initially approved for PPP Loan of amount $4,696,300, the current approved amount is $4,696,300. The loan was approved on 04/15/2020 by The PNC Bank, National Association reported 349 jobs and $4,696,300 was used to fund payroll.

Sovereign distributors, inc. is Existing or more than 2 years old

PPP Loan Search / NJ / CHERRY HILL / Sovereign distributors, inc.

SOVEREIGN DISTRIBUTORS, INC.

Date Approved

04/15/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

SOVEREIGN DISTRIBUTORS, INC.

Borrower Address

2030 Springdale Road Suite 400

Borrower City

CHERRY HILL

Borrower State

NJ

Borrower Zip

08003

Loan Status Date

07/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4696300.00

Current Approval Amount

4696300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHERRY HILL

Project County Name

CAMDEN

Project State

NJ

Project Zip

08003-0001

CD

NJ-01

Jobs Reported

349

NAICS Code

442210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

4696300.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

4750829.26

Forgiveness Date

06/09/2021

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