PPP Loan information for New world concepts, inc.

$614,600

New world concepts, inc. was initially approved for PPP Loan of amount $614,600, the current approved amount is $614,600. The loan was approved on 04/08/2020 by The TowneBank reported 84 jobs and $614,600 was used to fund payroll.

New world concepts, inc. is Existing or more than 2 years old

PPP Loan Search / NC / MORRISVILLE / New world concepts, inc.

NEW WORLD CONCEPTS, INC.

Date Approved

04/08/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

NEW WORLD CONCEPTS, INC.

Borrower Address

220 Dominion Drive, Suite A

Borrower City

MORRISVILLE

Borrower State

NC

Borrower Zip

27560-7307

Loan Status Date

06/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

614600.00

Current Approval Amount

614600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MORRISVILLE

Project County Name

WAKE

Project State

NC

Project Zip

27560-7307

CD

NC-02

Jobs Reported

84

NAICS Code

445291

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

614600.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

621531.32

Forgiveness Date

05/27/2021

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