Offer first and second draw Paycheck Protection Program loans
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 22 Jan 2021
- Due
- 31 Mar 2021
- Delivered
- 31 Mar 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“extends the authority of lenders to make PPP loans through March 31, 2021. We are participating in this new round of PPP loan funding by offering first and second draw loans.”
What we found
Evidence strength A What the grades mean
The company confirmed its participation in the PPP loan program by offering first and second draw loans, having approved and funded 773 loans by the March 31, 2021 deadline.
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A MetroCity Bankshares, Inc. 10-Q filed 2021-05-10
“We participated in this new round of PPP loan funding by offering first and second draw loans. As of March 31, 2021, the Company had approved and funded 773 loans” ✓ confirmed on the page
Market reaction: the shares moved +2.3% against the S&P 500 over the three sessions around the disclosure (7 May 2021 to 12 May 2021). What this measures
Checked 25 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Product other
- Indicative materiality
- Low rules
- Action
- Offer
- Deliverable
- PPP loans
- In the company’s control
- High
- Specificity
- High
- Depends on
- Government
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-MCBS-022326 · Corrections policy