PPP Loan information for North carolina advanced energy corporation

$783,825

North carolina advanced energy corporation was initially approved for PPP Loan of amount $783,825, the current approved amount is $783,825. The loan was approved on 04/28/2020 by The First Horizon Bank reported 51 jobs and $783,825 was used to fund payroll.

North carolina advanced energy corporation is Existing or more than 2 years old

NORTH CAROLINA ADVANCED ENERGY CORPORATION

Date Approved

04/28/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

NORTH CAROLINA ADVANCED ENERGY CORPORATION

Borrower Address

909 CAPABILITY DR STE 2100

Borrower City

RALEIGH

Borrower State

NC

Borrower Zip

27606-4961

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

783825.00

Current Approval Amount

783825.00

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

27606-4961

CD

NC-02

Jobs Reported

51

NAICS Code

541690

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

783825.00

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

Non-Profit Organization

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

252527.78

Forgiveness Date

05/06/2021

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