PPP Loan information for Fortson freight systems inc

$79,670

Fortson freight systems inc was initially approved for PPP Loan of amount $79,670, the current approved amount is $79,670. The loan was approved on 04/27/2020 by The Farmers & Merchants Bank reported 10 jobs and $79,670 was used to fund payroll.

Fortson freight systems inc is Existing or more than 2 years old

PPP Loan Search / NC / SALISBURY / Fortson freight systems inc

FORTSON FREIGHT SYSTEMS INC

Date Approved

04/27/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

FORTSON FREIGHT SYSTEMS INC

Borrower Address

200 MONTCLAIR DR

Borrower City

SALISBURY

Borrower State

NC

Borrower Zip

28144-8720

Loan Status Date

02/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

79670.00

Current Approval Amount

79670.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SALISBURY

Project County Name

ROWAN

Project State

NC

Project Zip

28144-8720

CD

NC-08

Jobs Reported

10

NAICS Code

484110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

79670.00

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

50827

Originating Lender

Farmers & Merchants Bank

Originating Lender City

GRANITE QUARRY

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

80249.82

Forgiveness Date

01/25/2021

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