PPP Loan information for Monroe chapel inc

$50,000

Monroe chapel inc was initially approved for PPP Loan of amount $50,000, the current approved amount is $50,000. The loan was approved on 02/25/2021 by The Regions Bank reported 6 jobs and $50,000 was used to fund payroll.

Monroe chapel inc is Existing or more than 2 years old

MONROE CHAPEL INC

Date Approved

02/25/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

MONROE CHAPEL INC

Borrower Address

2252 Highway 84 W

Borrower City

Frisco City

Borrower State

AL

Borrower Zip

36445-3570

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

50000.00

Current Approval Amount

50000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Frisco City

Project County Name

MONROE

Project State

AL

Project Zip

36445-3570

CD

AL-01

Jobs Reported

6

NAICS Code

812210

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

49997.00

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

Non-Profit Organization

Originating Lender Location Id

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

50321.92

Forgiveness Date

10/25/2021

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