PPP Loan information for Branch tool inc

$410,900

Branch tool inc was initially approved for PPP Loan of amount $410,900, the current approved amount is $410,900. The loan was approved on 01/22/2021 by The South Central Bank, Inc. reported 24 jobs and $410,900 was used to fund payroll.

Branch tool inc is Existing or more than 2 years old

PPP Loan Search / KY / Somerset / Branch tool inc

BRANCH TOOL INC

Date Approved

01/22/2021

SBA Office Code

0457

Processing Method

PPS

Borrower Name

BRANCH TOOL INC

Borrower Address

680 Chappells Dairy Rd

Borrower City

Somerset

Borrower State

KY

Borrower Zip

42503-4590

Loan Status Date

01/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

410900.00

Current Approval Amount

410900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27775

Servicing Lender Name

South Central Bank, Inc.

Servicing Lender Address

501 S L Rogers Wells Blvd

Servicing Lender City

GLASGOW

Servicing Lender State

KY

Servicing Lender Zip

42141

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Somerset

Project County Name

PULASKI

Project State

KY

Project Zip

42503-4590

CD

KY-05

Jobs Reported

24

NAICS Code

332721

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

410894.00

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

27775

Originating Lender

South Central Bank, Inc.

Originating Lender City

GLASGOW

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

414586.69

Forgiveness Date

12/15/2021

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