PPP Loan information for Locust plastics incorporated

$429,640

Locust plastics incorporated was initially approved for PPP Loan of amount $429,640, the current approved amount is $429,640. The loan was approved on 04/11/2020 by The Uwharrie Bank reported 62 jobs and $429,640 was used to fund payroll.

Locust plastics incorporated is Existing or more than 2 years old

PPP Loan Search / NC / Salisbury / Locust plastics incorporated

LOCUST PLASTICS INCORPORATED

Date Approved

04/11/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

LOCUST PLASTICS INCORPORATED

Borrower Address

630 Industrial Ave

Borrower City

Salisbury

Borrower State

NC

Borrower Zip

28144-3013

Loan Status Date

06/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

429640.00

Current Approval Amount

429640.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50369

Servicing Lender Name

Uwharrie Bank

Servicing Lender Address

167 N 2nd St

Servicing Lender City

ALBEMARLE

Servicing Lender State

NC

Servicing Lender Zip

28001-4803

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

28144-3013

CD

NC-08

Jobs Reported

62

NAICS Code

326199

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

429640.00

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

50369

Originating Lender

Uwharrie Bank

Originating Lender City

ALBEMARLE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

434449.58

Forgiveness Date

06/01/2021

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