PPP Loan information for Fabarc steel supply inc

$2,000,000

Fabarc steel supply inc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/25/2021 by The ServisFirst Bank reported 255 jobs and $2,000,000 was used to fund payroll.

Fabarc steel supply inc is Existing or more than 2 years old

PPP Loan Search / AL / Oxford / Fabarc steel supply inc

FABARC STEEL SUPPLY INC

Date Approved

01/25/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

FABARC STEEL SUPPLY INC

Borrower Address

111 Meadow Ln

Borrower City

Oxford

Borrower State

AL

Borrower Zip

36203-2644

Loan Status Date

10/13/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434138

Servicing Lender Name

ServisFirst Bank

Servicing Lender Address

2500 Woodcrest Place

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35209-1374

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Oxford

Project County Name

CALHOUN

Project State

AL

Project Zip

36203-2644

CD

AL-03

Jobs Reported

255

NAICS Code

332312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999996.00

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

434138

Originating Lender

ServisFirst Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2013333.33

Forgiveness Date

09/27/2021

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