PPP Loan information for R & m machine shop

$154,000

R & m machine shop was initially approved for PPP Loan of amount $154,000, the current approved amount is $154,000. The loan was approved on 04/06/2020 by The Peoples Independent Bank reported 13 jobs and $154,000 was used to fund payroll.

R & m machine shop is Existing or more than 2 years old

PPP Loan Search / AL / FYFFE / R & m machine shop

R & M MACHINE SHOP

Date Approved

04/06/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

R & M MACHINE SHOP

Borrower Address

38336 AL HIGHWAY 75

Borrower City

FYFFE

Borrower State

AL

Borrower Zip

35971-3968

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

154000.00

Current Approval Amount

154000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112423

Servicing Lender Name

Peoples Independent Bank

Servicing Lender Address

121 Billy B Dyar Blvd

Servicing Lender City

BOAZ

Servicing Lender State

AL

Servicing Lender Zip

35957

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FYFFE

Project County Name

DE KALB

Project State

AL

Project Zip

35971-3968

CD

AL-04

Jobs Reported

13

NAICS Code

423830

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

19250.00

Payroll Proceed

115500.00

Mortgage Interest Proceed

0.00

Rent Proceed

19250.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

112423

Originating Lender

Peoples Independent Bank

Originating Lender City

BOAZ

Originating Lender State

AL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

144932.00

Forgiveness Date

12/04/2020

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