Date Approved
04/14/2020
SBA Office Code
0460
Processing Method
PPP
Borrower Name
MILANCO INC.
Borrower Address
217 Bulb Avenue
Borrower City
GASTONIA
Borrower State
NC
Borrower Zip
28052
Loan Status Date
04/20/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
79630.80
Current Approval Amount
79600.00
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
Servicing Lender Zip
28202-1078
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
GASTON
Project State
Project Zip
28052-0001
CD
NC-14
Jobs Reported
8
NAICS Code
424690
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
80276.60
Forgiveness Date
02/25/2021