PPP Loan information for Basic supply co., inc

$83,638

Basic supply co., inc was initially approved for PPP Loan of amount $83,638, the current approved amount is $83,638. The loan was approved on 04/28/2020 by The PeoplesTrust Bank reported 8 jobs and $83,638 was used to fund payroll.

Basic supply co., inc is Existing or more than 2 years old

PPP Loan Search / AL / LYNN / Basic supply co., inc

BASIC SUPPLY CO., INC

Date Approved

04/28/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

BASIC SUPPLY CO., INC

Borrower Address

P O BOX 99

Borrower City

LYNN

Borrower State

AL

Borrower Zip

35575-2735

Loan Status Date

08/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

83637.50

Current Approval Amount

83637.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378846

Servicing Lender Name

PeoplesTrust Bank

Servicing Lender Address

1281 Military St South

Servicing Lender City

HAMILTON

Servicing Lender State

AL

Servicing Lender Zip

35570-5004

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LYNN

Project County Name

WINSTON

Project State

AL

Project Zip

35575-2735

CD

AL-04

Jobs Reported

8

NAICS Code

444190

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

83637.50

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

Corporation

Originating Lender Location Id

378846

Originating Lender

PeoplesTrust Bank

Originating Lender City

HAMILTON

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

84206.70

Forgiveness Date

12/31/2020

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