PPP Loan information for Young welding supply inc.

$423,757

Young welding supply inc. was initially approved for PPP Loan of amount $423,757, the current approved amount is $423,757. The loan was approved on 01/21/2021 by The Merit Bank reported 42 jobs and $423,757 was used to fund payroll.

Young welding supply inc. is Existing or more than 2 years old

PPP Loan Search / AL / Sheffield / Young welding supply inc.

YOUNG WELDING SUPPLY INC.

Date Approved

01/21/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

YOUNG WELDING SUPPLY INC.

Borrower Address

101 E 1st St

Borrower City

Sheffield

Borrower State

AL

Borrower Zip

35660-3029

Loan Status Date

08/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

423757.00

Current Approval Amount

423757.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3332

Servicing Lender Name

Merit Bank

Servicing Lender Address

659 Gallatin St SW

Servicing Lender City

HUNTSVILLE

Servicing Lender State

AL

Servicing Lender Zip

35801-4914

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Sheffield

Project County Name

COLBERT

Project State

AL

Project Zip

35660-3029

CD

AL-04

Jobs Reported

42

NAICS Code

423830

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

423753.00

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

3332

Originating Lender

Merit Bank

Originating Lender City

HUNTSVILLE

Originating Lender State

AL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

425640.36

Forgiveness Date

07/02/2021

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