PPP Loan information for Promise foods inc

$1,532,400

Promise foods inc was initially approved for PPP Loan of amount $1,532,400, the current approved amount is $1,532,400. The loan was approved on 04/10/2020 by The Truist Bank reported 406 jobs and $1,532,400 was used to fund payroll.

Promise foods inc is Existing or more than 2 years old

PPP Loan Search / NC / DUNN / Promise foods inc

PROMISE FOODS INC

Date Approved

04/10/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

PROMISE FOODS INC

Borrower Address

10 CARLIE CS DR

Borrower City

DUNN

Borrower State

NC

Borrower Zip

28334-3649

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1532400.00

Current Approval Amount

1532400.00

Undisbursed Amount

0.00

Franchise Name

IGA USA - License Agreement

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DUNN

Project County Name

HARNETT

Project State

NC

Project Zip

28334-3649

CD

NC-13

Jobs Reported

406

NAICS Code

445110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1532400.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1550022.60

Forgiveness Date

06/11/2021

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