PPP Loan information for Formac automotive inc

$28,200

Formac automotive inc was initially approved for PPP Loan of amount $28,200, the current approved amount is $28,200. The loan was approved on 04/15/2020 by The Truist Bank reported 4 jobs and $28,200 was used to fund payroll.

Formac automotive inc is Existing or more than 2 years old

PPP Loan Search / NC / MOCKSVILLE / Formac automotive inc

FORMAC AUTOMOTIVE INC

Date Approved

04/15/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

FORMAC AUTOMOTIVE INC

Borrower Address

1484 US Highway 64 W

Borrower City

MOCKSVILLE

Borrower State

NC

Borrower Zip

27028-8432

Loan Status Date

03/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

28200.00

Current Approval Amount

28200.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MOCKSVILLE

Project County Name

DAVIE

Project State

NC

Project Zip

27028-8432

CD

NC-05

Jobs Reported

4

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

28200.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

28431.08

Forgiveness Date

02/17/2021

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