PPP Loan information for Colonial welding & fabrication inc.

$246,069

Colonial welding & fabrication inc. was initially approved for PPP Loan of amount $246,069, the current approved amount is $246,069. The loan was approved on 03/18/2021 by The Southern Bank and Trust Company reported 19 jobs and $246,069 was used to fund payroll.

Colonial welding & fabrication inc. is Existing or more than 2 years old

PPP Loan Search / VA / Norfolk / Colonial welding & fabrication inc.

COLONIAL WELDING & FABRICATION INC.

Date Approved

03/18/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

COLONIAL WELDING & FABRICATION INC.

Borrower Address

5801 Curlew Dr

Borrower City

Norfolk

Borrower State

VA

Borrower Zip

23502-4626

Loan Status Date

09/29/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

246069.00

Current Approval Amount

246069.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50882

Servicing Lender Name

Southern Bank and Trust Company

Servicing Lender Address

100 N Center St

Servicing Lender City

MOUNT OLIVE

Servicing Lender State

NC

Servicing Lender Zip

28365-1701

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Norfolk

Project County Name

NORFOLK CITY

Project State

VA

Project Zip

23502-4626

CD

VA-03

Jobs Reported

19

NAICS Code

332312

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

246069.00

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

50882

Originating Lender

Southern Bank and Trust Company

Originating Lender City

MOUNT OLIVE

Originating Lender State

NC

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

246984.92

Forgiveness Date

08/06/2021

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