COMMERCIAL FOOD SERVICE REPAIR INC
PPP Loan approved Apr 11, 2020 through Fifth Third Bank
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $8,289,600.00 | 100.0% |
About This Loan
COMMERCIAL FOOD SERVICE REPAIR INC received a PPP loan of $8,289,600 approved on Apr 11, 2020. The loan was originated by Fifth Third Bank.
COMMERCIAL FOOD SERVICE REPAIR INC is a corporation located in GREENVILLE, South Carolina. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Commercial and Industrial Machinery and Equipment Repair and Maintenance industry (NAICS 811310), part of the Other Services (except Public Administration) sector of the economy. The applicant reported 303 jobs as retained through this loan.
The SBA forgave $7,501,488.99 of this loan — 90.5% of the total approved amount, with forgiveness recorded on Dec 1, 2022. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $8,289,600 to payroll. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in South Carolina, visit the South Carolina page. To compare this loan with others in the same industry, see the Commercial and Industrial Machinery and Equipment Repair and Maintenance industry page.