PPP borrower record
MATERIAL SYSTEM INC. PPP loan record
Public SBA PPP loan record for MATERIAL SYSTEM INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$247,500
Approved amount
$249,425
Forgiven amount
2020-04-28
Date approved
Borrower and loan details
Borrower
MATERIAL SYSTEM INC.
Loan number
7505227205
Business type
Subchapter S Corporation
Business age
Existing or more than 2 years old
Borrower city
Childersburg
Borrower state
Alabama
Borrower ZIP
35044
Jobs reported
27
Loan status
Paid in Full
Forgiveness date
2021-02-17
Servicing lender
Cadence Bank, National Association
Originating lender
Cadence Bank, National Association
Reported use of proceeds
Payroll
$247,500
Rent
N/A
Utilities
N/A
Mortgage interest
N/A
Health care
N/A
Debt interest
N/A
Location pages
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Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.