PPP Loan information for Advanced business concepts incorporated

$120,000

Advanced business concepts incorporated was initially approved for PPP Loan of amount $120,000, the current approved amount is $120,000. The loan was approved on 04/30/2020 by The First Horizon Bank reported 132 jobs and $120,000 was used to fund payroll.

Advanced business concepts incorporated is Existing or more than 2 years old

PPP Loan Search / NC / MORGANTON / Advanced business concepts incorporated

ADVANCED BUSINESS CONCEPTS INCORPORATED

Date Approved

04/30/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ADVANCED BUSINESS CONCEPTS INCORPORATED

Borrower Address

409B STERLING ST

Borrower City

MORGANTON

Borrower State

NC

Borrower Zip

28655

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

120000.00

Current Approval Amount

120000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MORGANTON

Project County Name

BURKE

Project State

NC

Project Zip

28655-0001

CD

NC-10

Jobs Reported

132

NAICS Code

621610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

120000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

121206.67

Forgiveness Date

05/11/2021

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