Date Approved
03/05/2021
SBA Office Code
0460
Processing Method
PPS
Borrower Name
NELLIE RUTHS LLC
Borrower Address
105 E Fisher St
Borrower City
Salisbury
Borrower State
NC
Borrower Zip
28144-4905
Loan Status Date
12/08/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
40978.00
Current Approval Amount
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
Servicing Lender Zip
28146
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
ROWAN
Project State
Project Zip
CD
NC-08
Jobs Reported
7
NAICS Code
722511
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
40974.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non Profit
Forgiveness Amount
41231.84
Forgiveness Date
11/02/2021