PPP Loan information for Race city steel inc

$387,700

Race city steel inc was initially approved for PPP Loan of amount $387,700, the current approved amount is $387,700. The loan was approved on 04/07/2020 by The Peoples Bank reported 32 jobs and $387,700 was used to fund payroll.

Race city steel inc is Existing or more than 2 years old

PPP Loan Search / NC / DENVER / Race city steel inc

RACE CITY STEEL INC

Date Approved

04/07/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

RACE CITY STEEL INC

Borrower Address

4052 NORTH HIGHWAY 16

Borrower City

DENVER

Borrower State

NC

Borrower Zip

28037-7908

Loan Status Date

03/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

387700.00

Current Approval Amount

387700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50396

Servicing Lender Name

Peoples Bank

Servicing Lender Address

518 W 'C' St

Servicing Lender City

NEWTON

Servicing Lender State

NC

Servicing Lender Zip

28658

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DENVER

Project County Name

LINCOLN

Project State

NC

Project Zip

28037-7908

CD

NC-10

Jobs Reported

32

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

387700.00

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

50396

Originating Lender

Peoples Bank

Originating Lender City

NEWTON

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

390930.83

Forgiveness Date

02/11/2021

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