Southern Classic Food Group, L

$1,743,000 PPP Loan in Brundidge, Alabama

Loan Details

Loan Number
4411947106
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$1,743,000
Current Approval
$1,743,000
Forgiveness Amount
$1,759,141
Forgiveness Date
Mar 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Southern Classic Food Group, L
Address
1000 Magnolia Blvd
State
Alabama
ZIP Code
36010-0009
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (311999)
Business Age
Existing or more than 2 years old
Jobs Reported
239
Estimated Revenue
$84.4M
Rural/Urban
Rural
Congressional District
AL-02

Loan Use Breakdown

Payroll
$1,395,000
Rent
$15,000
Utilities
$253,000
Debt Interest
$80,000

Lender Information

Servicing Lender
Troy Bank & Trust Company
Originating Lender
Troy Bank & Trust Company

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