PPP Loan information for Generations of red bay, llc

$520,317

Generations of red bay, llc was initially approved for PPP Loan of amount $520,317, the current approved amount is $520,317. The loan was approved on 04/27/2020 by The Community Spirit Bank reported 72 jobs and $520,317 was used to fund payroll.

Generations of red bay, llc is Existing or more than 2 years old

PPP Loan Search / AL / RED BAY / Generations of red bay, llc

GENERATIONS OF RED BAY, LLC

Date Approved

04/27/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

GENERATIONS OF RED BAY, LLC

Borrower Address

106 10TH AVE NW

Borrower City

RED BAY

Borrower State

AL

Borrower Zip

35582-3800

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

520317.00

Current Approval Amount

520317.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3201

Servicing Lender Name

Community Spirit Bank

Servicing Lender Address

200 4th Ave SW

Servicing Lender City

RED BAY

Servicing Lender State

AL

Servicing Lender Zip

35582-4180

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RED BAY

Project County Name

FRANKLIN

Project State

AL

Project Zip

35582-3800

CD

AL-04

Jobs Reported

72

NAICS Code

623312

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

52031.70

Payroll Proceed

416253.60

Mortgage Interest Proceed

0.00

Rent Proceed

52031.70

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

3201

Originating Lender

Community Spirit Bank

Originating Lender City

RED BAY

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

526271.74

Forgiveness Date

06/17/2021

;