PPP Loan information for Advanced composting technologies, llc

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ADVANCED COMPOSTING TECHNOLOGIES, LLC

Borrower Address

266 Youngs Cove Road

Borrower City

CANDLER

Borrower State

NC

Borrower Zip

28715

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

103800.00

Current Approval Amount

103800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

51009

Servicing Lender Name

First-Citizens Bank & Trust Company

Servicing Lender Address

100 E. Tryon Rd DAC - 90

Servicing Lender City

Raleigh

Servicing Lender State

NC

Servicing Lender Zip

27603-3581

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

CANDLER

Project County Name

BUNCOMBE

Project State

NC

Project Zip

28715-0001

CD

NC-11

Jobs Reported

7

NAICS Code

325314

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

103800.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

51009

Originating Lender

First-Citizens Bank & Trust Company

Originating Lender City

Raleigh

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

104376.67

Forgiveness Date

11/03/2020