PPP Loan information for Basic machinery company inc

$491,412

Basic machinery company inc was initially approved for PPP Loan of amount $491,412, the current approved amount is $491,412. The loan was approved on 04/17/2021 by The The Fidelity Bank reported 52 jobs and $491,412 was used to fund payroll.

Basic machinery company inc is Existing or more than 2 years old

PPP Loan Search / NC / Siler City / Basic machinery company inc

BASIC MACHINERY COMPANY INC

Date Approved

04/17/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

BASIC MACHINERY COMPANY INC

Borrower Address

1220 Harold Andrews Rd

Borrower City

Siler City

Borrower State

NC

Borrower Zip

27344-9170

Loan Status Date

12/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

491412.00

Current Approval Amount

491412.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50761

Servicing Lender Name

The Fidelity Bank

Servicing Lender Address

100 S Main St

Servicing Lender City

FUQUAY VARINA

Servicing Lender State

NC

Servicing Lender Zip

27526-2221

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Siler City

Project County Name

CHATHAM

Project State

NC

Project Zip

27344-9170

CD

NC-09

Jobs Reported

52

NAICS Code

333120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

491410.00

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

Subchapter S Corporation

Originating Lender Location Id

50761

Originating Lender

The Fidelity Bank

Originating Lender City

FUQUAY VARINA

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

494223.97

Forgiveness Date

11/16/2021

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