PPP Loan information for Durham racing engines inc.

$51,245

Durham racing engines inc. was initially approved for PPP Loan of amount $51,245, the current approved amount is $51,245. The loan was approved on 03/24/2021 by The Pinnacle Bank reported 7 jobs and $51,245 was used to fund payroll.

Durham racing engines inc. is Existing or more than 2 years old

PPP Loan Search / NC / Trinity / Durham racing engines inc.

DURHAM RACING ENGINES INC.

Date Approved

03/24/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

DURHAM RACING ENGINES INC.

Borrower Address

105 Sealy Dr

Borrower City

Trinity

Borrower State

NC

Borrower Zip

27370-9407

Loan Status Date

10/23/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

51245.00

Current Approval Amount

51245.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

203685

Servicing Lender Name

Pinnacle Bank

Servicing Lender Address

150 Third Ave S, Ste 900

Servicing Lender City

NASHVILLE

Servicing Lender State

TN

Servicing Lender Zip

37201-2034

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Trinity

Project County Name

RANDOLPH

Project State

NC

Project Zip

27370-9407

CD

NC-09

Jobs Reported

7

NAICS Code

811118

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

51240.00

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

203685

Originating Lender

Pinnacle Bank

Originating Lender City

NASHVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

51501.93

Forgiveness Date

09/27/2021

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