PPP Loan information for Thornton welding and machine inc.

$453,821

Thornton welding and machine inc. was initially approved for PPP Loan of amount $453,821, the current approved amount is $453,821. The loan was approved on 02/24/2021 by The Customers Bank reported 27 jobs and $453,821 was used to fund payroll.

Thornton welding and machine inc. is Existing or more than 2 years old

PPP Loan Search / AL / Tuscaloosa / Thornton welding and machine inc.

THORNTON WELDING AND MACHINE INC.

Date Approved

02/24/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

THORNTON WELDING AND MACHINE INC.

Borrower Address

6001 Grover Burchfield Dr N/A

Borrower City

Tuscaloosa

Borrower State

AL

Borrower Zip

35401-9337

Loan Status Date

08/23/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

453821.00

Current Approval Amount

453821.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Tuscaloosa

Project County Name

TUSCALOOSA

Project State

AL

Project Zip

35401-9337

CD

AL-07

Jobs Reported

27

NAICS Code

238990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

453817.00

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

Corporation

Originating Lender Location Id

121536

Originating Lender

Customers Bank

Originating Lender City

Malvern

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

459540.39

Forgiveness Date

06/09/2022

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