PPP Loan information for Direct distributors inc

$1,315,500

Direct distributors inc was initially approved for PPP Loan of amount $1,315,500, the current approved amount is $1,315,500. The loan was approved on 04/11/2020 by The Truist Bank reported 107 jobs and $1,315,500 was used to fund payroll.

Direct distributors inc is Existing or more than 2 years old

PPP Loan Search / NC / GARNER / Direct distributors inc

DIRECT DISTRIBUTORS INC

Date Approved

04/11/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

DIRECT DISTRIBUTORS INC

Borrower Address

100 PARTLO ST STE 100

Borrower City

GARNER

Borrower State

NC

Borrower Zip

27529-3367

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1315500.00

Current Approval Amount

1315500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GARNER

Project County Name

WAKE

Project State

NC

Project Zip

27529-3367

CD

NC-13

Jobs Reported

107

NAICS Code

444220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1315500.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1322844.88

Forgiveness Date

11/12/2020

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