PPP Loan information for Beacon distributors inc.

$53,000

Beacon distributors inc. was initially approved for PPP Loan of amount $53,000, the current approved amount is $53,000. The loan was approved on 04/27/2020 by The Farmers & Merchants Bank reported 6 jobs and $53,000 was used to fund payroll.

Beacon distributors inc. is Existing or more than 2 years old

PPP Loan Search / NC / SALISBURY / Beacon distributors inc.

BEACON DISTRIBUTORS INC.

Date Approved

04/27/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

BEACON DISTRIBUTORS INC.

Borrower Address

1925 W. INNES ST

Borrower City

SALISBURY

Borrower State

NC

Borrower Zip

28144-2432

Loan Status Date

06/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

53000.00

Current Approval Amount

53000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50827

Servicing Lender Name

Farmers & Merchants Bank

Servicing Lender Address

138 N Salisbury Ave

Servicing Lender City

GRANITE QUARRY

Servicing Lender State

NC

Servicing Lender Zip

28146

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SALISBURY

Project County Name

ROWAN

Project State

NC

Project Zip

28144-2432

CD

NC-08

Jobs Reported

6

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

53000.00

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

50827

Originating Lender

Farmers & Merchants Bank

Originating Lender City

GRANITE QUARRY

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

53559.44

Forgiveness Date

05/20/2021

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