PPP Loan information for National transformer sales, inc.

$397,430

National transformer sales, inc. was initially approved for PPP Loan of amount $397,430, the current approved amount is $397,430. The loan was approved on 04/08/2020 by The First Horizon Bank reported 21 jobs and $397,430 was used to fund payroll.

National transformer sales, inc. is Existing or more than 2 years old

PPP Loan Search / NC / RALEIGH / National transformer sales, inc.

NATIONAL TRANSFORMER SALES, INC.

Date Approved

04/08/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

NATIONAL TRANSFORMER SALES, INC.

Borrower Address

2613 DISCOVERY DR Suite B

Borrower City

RALEIGH

Borrower State

NC

Borrower Zip

27616-1818

Loan Status Date

12/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

397430.00

Current Approval Amount

397430.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

RALEIGH

Project County Name

WAKE

Project State

NC

Project Zip

27616-1818

CD

NC-02

Jobs Reported

21

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

397430.00

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

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

402982.98

Forgiveness Date

09/15/2021

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