PPP Loan information for Kwangsung america corporation

$2,398,309

Kwangsung america corporation was initially approved for PPP Loan of amount $2,398,309, the current approved amount is $2,398,309. The loan was approved on 04/28/2020 by The PNC Bank, National Association reported 243 jobs and $2,398,309 was used to fund payroll.

Kwangsung america corporation is Existing or more than 2 years old

PPP Loan Search / AL / DADEVILLE / Kwangsung america corporation

KWANGSUNG AMERICA CORPORATION

Date Approved

04/28/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

KWANGSUNG AMERICA CORPORATION

Borrower Address

217 Thweatt Industrial Blvd

Borrower City

DADEVILLE

Borrower State

AL

Borrower Zip

36853

Loan Status Date

05/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2398309.00

Current Approval Amount

2398309.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DADEVILLE

Project County Name

TALLAPOOSA

Project State

AL

Project Zip

36853-0001

CD

AL-03

Jobs Reported

243

NAICS Code

423120

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

50000.00

Payroll Proceed

2298309.00

Mortgage Interest Proceed

0.00

Rent Proceed

50000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

102000

Originating Lender

First Source FCU

Originating Lender City

NEW HARTFORD

Originating Lender State

NY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2448273.77

Forgiveness Date

05/20/2022

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