PPP Loan information for Southern asphalt inc

$432,200

Southern asphalt inc was initially approved for PPP Loan of amount $1,080,600, the current approved amount is $432,200. The loan was approved on 04/06/2020 by The Dogwood State Bank reported 75 jobs and $432,200 was used to fund payroll.

Southern asphalt inc is Existing or more than 2 years old

SOUTHERN ASPHALT INC

Date Approved

04/06/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

SOUTHERN ASPHALT INC

Borrower Address

Po Box 474

Borrower City

ROCKY POINT

Borrower State

NC

Borrower Zip

28457-0474

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1080600.00

Current Approval Amount

432200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

233057

Servicing Lender Name

Dogwood State Bank

Servicing Lender Address

5401 Six Forks Rd

Servicing Lender City

RALEIGH

Servicing Lender State

NC

Servicing Lender Zip

27609-4462

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BURGAW

Project County Name

PENDER

Project State

NC

Project Zip

28425-3035

CD

NC-07

Jobs Reported

75

NAICS Code

237310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

432200.00

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

233057

Originating Lender

Dogwood State Bank

Originating Lender City

RALEIGH

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

434721.17

Forgiveness Date

11/12/2020

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