PPP Loan information for Southern states imports inc

$1,087,900

Southern states imports inc was initially approved for PPP Loan of amount $1,087,900, the current approved amount is $1,087,900. The loan was approved on 04/07/2020 by The First Horizon Bank reported 99 jobs and $1,087,900 was used to fund payroll.

Southern states imports inc is Existing or more than 2 years old

PPP Loan Search / NC / RALEIGH / Southern states imports inc

SOUTHERN STATES IMPORTS INC

Date Approved

04/07/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

SOUTHERN STATES IMPORTS INC

Borrower Address

2511 Wake Forest Rd

Borrower City

RALEIGH

Borrower State

NC

Borrower Zip

27609-7835

Loan Status Date

10/01/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1087900.00

Current Approval Amount

1087900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

RALEIGH

Project County Name

WAKE

Project State

NC

Project Zip

27609-7835

CD

NC-02

Jobs Reported

99

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

40000.00

Payroll Proceed

907900.00

Mortgage Interest Proceed

0.00

Rent Proceed

90000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

50000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1102526.21

Forgiveness Date

08/23/2021

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