PPP Loan information for Corrosion technology inc.

$425,000

Corrosion technology inc. was initially approved for PPP Loan of amount $425,000, the current approved amount is $425,000. The loan was approved on 01/14/2021 by The First National Bank and Trust reported 26 jobs and $425,000 was used to fund payroll.

Corrosion technology inc. is Existing or more than 2 years old

PPP Loan Search / AL / Bay Minette / Corrosion technology inc.

CORROSION TECHNOLOGY INC.

Date Approved

01/14/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

CORROSION TECHNOLOGY INC.

Borrower Address

10955 County Road 138

Borrower City

Bay Minette

Borrower State

AL

Borrower Zip

36507-7121

Loan Status Date

09/22/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

425000.00

Current Approval Amount

425000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

41

Servicing Lender Name

First National Bank and Trust

Servicing Lender Address

111 S Main St

Servicing Lender City

ATMORE

Servicing Lender State

AL

Servicing Lender Zip

36502-2445

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bay Minette

Project County Name

BALDWIN

Project State

AL

Project Zip

36507-7121

CD

AL-01

Jobs Reported

26

NAICS Code

326199

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

424997.00

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

41

Originating Lender

First National Bank and Trust

Originating Lender City

ATMORE

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

427679.86

Forgiveness Date

08/31/2021

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