Kwangsung America Corporation

$2,398,309 PPP Loan in Dadeville, Alabama

Loan Details

Loan Number
7939537201
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$2,398,309
Current Approval
$2,398,309
Forgiveness Amount
$2,448,274
Forgiveness Date
May 20, 2022
Term
60 months
Draw
First Draw

Business Information

Business Name
Kwangsung America Corporation
Address
217 Thweatt Industrial Blvd
State
Alabama
ZIP Code
36853
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423120)
Business Age
Existing or more than 2 years old
Jobs Reported
243
Estimated Revenue
$74.4M
Rural/Urban
Rural
Congressional District
AL-03

Loan Use Breakdown

Payroll
$2,298,309
Rent
$50,000
Utilities
$50,000

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
First Source Federal Credit Union

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