Date Approved
01/25/2021
SBA Office Code
0459
Processing Method
PPS
Borrower Name
SOUTHERN VERANDA INC
Borrower Address
105 N Bancroft St
Borrower City
Fairhope
Borrower State
AL
Borrower Zip
36532-2401
Loan Status Date
09/20/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
29051.50
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
188567
Servicing Lender Name
Loan Source Incorporated
Servicing Lender Address
353 East 83rd Street Suite 3H
Servicing Lender City
NEW YORK
Servicing Lender State
NY
Servicing Lender Zip
10028
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
BALDWIN
Project State
Project Zip
CD
AL-01
Jobs Reported
7
NAICS Code
453110
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
29046.50
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
39666
Originating Lender
Merchants & Marine Bank
Originating Lender City
PASCAGOULA
Originating Lender State
MS
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
29502.79
Forgiveness Date
08/18/2022