Southern American Insurance Agency, Inc.

$171,150 PPP Loan in Cypress, Texas

Loan Details

Loan Number
3993387207
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$171,150
Current Approval
$171,150
Forgiveness Amount
$172,224
Forgiveness Date
Dec 22, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Southern American Insurance Agency, Inc.
Address
13823 Schmidt Road
State
Texas
ZIP Code
77429
Business Type
Corporation
Industry (NAICS)
Finance and Insurance (524210)
Business Age
Existing or more than 2 years old
Jobs Reported
13
Estimated Revenue
$6.7M
Rural/Urban
Urban
Congressional District
TX-10

Loan Use Breakdown

Payroll
$154,035
Rent
$8,558
Utilities
$8,558

Lender Information

Servicing Lender
American Express National Bank
Originating Lender
American Express National Bank

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