PPP Loan information for Southern machinery repair inc.

$425,655

Southern machinery repair inc. was initially approved for PPP Loan of amount $425,655, the current approved amount is $425,655. The loan was approved on 02/17/2021 by The Simmons Bank reported 23 jobs and $425,655 was used to fund payroll.

Southern machinery repair inc. is Existing or more than 2 years old

PPP Loan Search / TN / Union City / Southern machinery repair inc.

SOUTHERN MACHINERY REPAIR INC.

Date Approved

02/17/2021

SBA Office Code

0474

Processing Method

PPS

Borrower Name

SOUTHERN MACHINERY REPAIR INC.

Borrower Address

1545 Airport Circle Rd

Borrower City

Union City

Borrower State

TN

Borrower Zip

38261-8974

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

425654.95

Current Approval Amount

425654.95

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4679

Servicing Lender Name

Simmons Bank

Servicing Lender Address

501 Main St

Servicing Lender City

PINE BLUFF

Servicing Lender State

AR

Servicing Lender Zip

71601-4327

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Union City

Project County Name

OBION

Project State

TN

Project Zip

38261-8974

CD

TN-08

Jobs Reported

23

NAICS Code

811310

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

425652.95

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

4679

Originating Lender

Simmons Bank

Originating Lender City

PINE BLUFF

Originating Lender State

AR

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

428043.35

Forgiveness Date

09/15/2021

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