PPP Loan information for Chatom motor co inc

$231,042

Chatom motor co inc was initially approved for PPP Loan of amount $231,042, the current approved amount is $231,042. The loan was approved on 04/29/2021 by The The First Bank reported 25 jobs and $231,042 was used to fund payroll.

Chatom motor co inc is Existing or more than 2 years old

PPP Loan Search / AL / Chatom / Chatom motor co inc

CHATOM MOTOR CO INC

Date Approved

04/29/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

CHATOM MOTOR CO INC

Borrower Address

16835 Jordan Street

Borrower City

Chatom

Borrower State

AL

Borrower Zip

36518

Loan Status Date

02/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

231042.00

Current Approval Amount

231042.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

120708

Servicing Lender Name

The First Bank

Servicing Lender Address

6480 Hwy 98, West

Servicing Lender City

HATTIESBURG

Servicing Lender State

MS

Servicing Lender Zip

39402

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Chatom

Project County Name

WASHINGTON

Project State

AL

Project Zip

36518

CD

AL-01

Jobs Reported

25

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

231039.00

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

120708

Originating Lender

The First Bank

Originating Lender City

HATTIESBURG

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

232614.37

Forgiveness Date

01/04/2022

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