PPP Loan information for Quality musical systems inc.

$409,200

Quality musical systems inc. was initially approved for PPP Loan of amount $409,200, the current approved amount is $409,200. The loan was approved on 04/27/2020 by The First-Citizens Bank & Trust Company reported 51 jobs and $409,200 was used to fund payroll.

Quality musical systems inc. is New Business or 2 years or less

PPP Loan Search / NC / CANDLER / Quality musical systems inc.

QUALITY MUSICAL SYSTEMS INC.

Date Approved

04/27/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

QUALITY MUSICAL SYSTEMS INC.

Borrower Address

204 DOGWOOD RD

Borrower City

CANDLER

Borrower State

NC

Borrower Zip

28715-8434

Loan Status Date

09/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

409200.00

Current Approval Amount

409200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

51009

Servicing Lender Name

First-Citizens Bank & Trust Company

Servicing Lender Address

100 E. Tryon Rd DAC - 90

Servicing Lender City

Raleigh

Servicing Lender State

NC

Servicing Lender Zip

27603-3581

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

CANDLER

Project County Name

BUNCOMBE

Project State

NC

Project Zip

28715-8434

CD

NC-11

Jobs Reported

51

NAICS Code

334310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

409200.00

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

51009

Originating Lender

First-Citizens Bank & Trust Company

Originating Lender City

Raleigh

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

414536.42

Forgiveness Date

08/24/2021

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