PPP Loan information for Southerncross utilities inc

$581,500

Southerncross utilities inc was initially approved for PPP Loan of amount $581,500, the current approved amount is $581,500. The loan was approved on 04/07/2020 by The TowneBank reported 50 jobs and $581,500 was used to fund payroll.

Southerncross utilities inc is Existing or more than 2 years old

PPP Loan Search / NC / RALEIGH / Southerncross utilities inc

SOUTHERNCROSS UTILITIES INC

Date Approved

04/07/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

SOUTHERNCROSS UTILITIES INC

Borrower Address

1011 Schaub Drive Suite 106

Borrower City

RALEIGH

Borrower State

NC

Borrower Zip

27606-1800

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

581500.00

Current Approval Amount

581500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

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

27606-1800

CD

NC-02

Jobs Reported

50

NAICS Code

238910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

581500.00

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

Subchapter S Corporation

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

585134.38

Forgiveness Date

11/27/2020

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