PPP Loan information for Michael adams inc

$50,912

Michael adams inc was initially approved for PPP Loan of amount $50,912, the current approved amount is $50,912. The loan was approved on 04/09/2020 by The Patterson State Bank reported 4 jobs and $50,912 was used to fund payroll.

Michael adams inc is Existing or more than 2 years old

PPP Loan Search / LA / MORGAN CITY / Michael adams inc

MICHAEL ADAMS INC

Date Approved

04/09/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

MICHAEL ADAMS INC

Borrower Address

200 MORGAN RD

Borrower City

MORGAN CITY

Borrower State

LA

Borrower Zip

70380-6644

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50911.50

Current Approval Amount

50911.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29210

Servicing Lender Name

Patterson State Bank

Servicing Lender Address

1130 Hwy 90 W

Servicing Lender City

PATTERSON

Servicing Lender State

LA

Servicing Lender Zip

70392-4541

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MORGAN CITY

Project County Name

SAINT MARY

Project State

LA

Project Zip

70380-6644

CD

LA-03

Jobs Reported

4

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

50911.50

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

29210

Originating Lender

Patterson State Bank

Originating Lender City

PATTERSON

Originating Lender State

LA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

51342.83

Forgiveness Date

02/09/2021

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