PPP Loan information for Propst construction company

$731,549

Propst construction company was initially approved for PPP Loan of amount $764,135, the current approved amount is $731,549. The loan was approved on 04/07/2020 by The Farmers & Merchants Bank reported 48 jobs and $731,549 was used to fund payroll.

Propst construction company is Existing or more than 2 years old

PPP Loan Search / NC / CONCORD / Propst construction company

PROPST CONSTRUCTION COMPANY

Date Approved

04/07/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

PROPST CONSTRUCTION COMPANY

Borrower Address

PO BOX 688

Borrower City

CONCORD

Borrower State

NC

Borrower Zip

28026-0688

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

764135.00

Current Approval Amount

731549.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50827

Servicing Lender Name

Farmers & Merchants Bank

Servicing Lender Address

138 N Salisbury Ave

Servicing Lender City

GRANITE QUARRY

Servicing Lender State

NC

Servicing Lender Zip

28146

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CONCORD

Project County Name

CABARRUS

Project State

NC

Project Zip

28026-0688

CD

NC-12

Jobs Reported

48

NAICS Code

236116

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

731549.00

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

Corporation

Originating Lender Location Id

50827

Originating Lender

Farmers & Merchants Bank

Originating Lender City

GRANITE QUARRY

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

740307.27

Forgiveness Date

07/02/2021

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