PPP Loan information for The octex group inc

$759,800

The octex group inc was initially approved for PPP Loan of amount $759,800, the current approved amount is $759,800. The loan was approved on 04/09/2020 by The Truist Bank reported 57 jobs and $759,800 was used to fund payroll.

The octex group inc is Existing or more than 2 years old

PPP Loan Search / FL / SARASOTA / The octex group inc

THE OCTEX GROUP INC

Date Approved

04/09/2020

SBA Office Code

0455

Processing Method

PPP

Borrower Name

THE OCTEX GROUP INC

Borrower Address

901 SARASOTA CENTER BLVD

Borrower City

SARASOTA

Borrower State

FL

Borrower Zip

34240-7816

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

759800.00

Current Approval Amount

759800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SARASOTA

Project County Name

SARASOTA

Project State

FL

Project Zip

34240-7816

CD

FL-17

Jobs Reported

57

NAICS Code

551114

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

759800.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

712461.53

Forgiveness Date

12/02/2021

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