PPP Loan information for Methodist home for the aging inc.

$4,702,973

Methodist home for the aging inc. was initially approved for PPP Loan of amount $4,702,973, the current approved amount is $4,702,973. The loan was approved on 04/10/2021 by The Community Bank of Mississippi reported 360 jobs and $4,702,973 was used to fund payroll.

Methodist home for the aging inc. is Existing or more than 2 years old

PPP Loan Search / AL / Irondale / Methodist home for the aging inc.

METHODIST HOME FOR THE AGING INC.

Date Approved

04/10/2021

SBA Office Code

0459

Processing Method

PPP

Borrower Name

METHODIST HOME FOR THE AGING INC.

Borrower Address

1520 Cooper Hill Rd

Borrower City

Irondale

Borrower State

AL

Borrower Zip

35210-2303

Loan Status Date

03/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

4702972.50

Current Approval Amount

4702972.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39217

Servicing Lender Name

Community Bank of Mississippi

Servicing Lender Address

323 E Third St

Servicing Lender City

Forest

Servicing Lender State

MS

Servicing Lender Zip

39074-0059

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Irondale

Project County Name

JEFFERSON

Project State

AL

Project Zip

35210-2303

CD

AL-06

Jobs Reported

360

NAICS Code

623311

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

4702970.50

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

501(c)3 – Non Profit

Originating Lender Location Id

39217

Originating Lender

Community Bank of Mississippi

Originating Lender City

Forest

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

4743044.40

Forgiveness Date

02/22/2022

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