PPP Loan information for Material system inc.

$247,500

Material system inc. was initially approved for PPP Loan of amount $247,500, the current approved amount is $247,500. The loan was approved on 04/28/2020 by The Cadence Bank reported 27 jobs and $247,500 was used to fund payroll.

Material system inc. is Existing or more than 2 years old

PPP Loan Search / AL / CHILDERSBURG / Material system inc.

MATERIAL SYSTEM INC.

Date Approved

04/28/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MATERIAL SYSTEM INC.

Borrower Address

150 HOLLYWOOD BLVD

Borrower City

CHILDERSBURG

Borrower State

AL

Borrower Zip

35044-1052

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

247500.00

Current Approval Amount

247500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39848

Servicing Lender Name

Cadence Bank

Servicing Lender Address

201 S Spring St

Servicing Lender City

TUPELO

Servicing Lender State

MS

Servicing Lender Zip

38804-4811

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CHILDERSBURG

Project County Name

TALLADEGA

Project State

AL

Project Zip

35044-1052

CD

AL-03

Jobs Reported

27

NAICS Code

238990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

247500.00

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

39848

Originating Lender

Cadence Bank

Originating Lender City

TUPELO

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

249425.00

Forgiveness Date

02/17/2021

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