PPP Loan information for Merchants sales company

$537,500

Merchants sales company was initially approved for PPP Loan of amount $537,500, the current approved amount is $537,500. The loan was approved on 04/13/2020 by The Bank of America, National Association reported 33 jobs and $537,500 was used to fund payroll.

Merchants sales company is Existing or more than 2 years old

PPP Loan Search / NC / BROWNS SUMMIT / Merchants sales company

MERCHANTS SALES COMPANY

Date Approved

04/13/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MERCHANTS SALES COMPANY

Borrower Address

3505 LAKE HERMAN DR

Borrower City

BROWNS SUMMIT

Borrower State

NC

Borrower Zip

27214-9746

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

537500.00

Current Approval Amount

537500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BROWNS SUMMIT

Project County Name

GUILFORD

Project State

NC

Project Zip

27214-9746

CD

NC-06

Jobs Reported

33

NAICS Code

423990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

537500.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

542462.67

Forgiveness Date

03/31/2021

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