Southern Textile Service, Inc.

$700,618 PPP Loan in South Hill, Virginia

Loan Details

Loan Number
5171097105
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$700,618
Current Approval
$700,617
Forgiveness Amount
$708,771
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Southern Textile Service, Inc.
Address
111 Raines St
ZIP Code
23970-3319
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (812331)
Business Age
Existing or more than 2 years old
Jobs Reported
47
Estimated Revenue
$9.0M
Rural/Urban
Rural
Congressional District
VA-05

Loan Use Breakdown

Payroll
$525,463
Utilities
$88,000
Mortgage Interest
$87,154

Lender Information

Servicing Lender
Fulton Bank, National Association
Originating Lender
Fulton Bank, National Association

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