PPP Loan information for Rector distributing inc

$38,800

Rector distributing inc was initially approved for PPP Loan of amount $38,800, the current approved amount is $38,800. The loan was approved on 04/13/2020 by The Truist Bank reported 11 jobs and $38,800 was used to fund payroll.

Rector distributing inc is Existing or more than 2 years old

PPP Loan Search / NC / RUTHERFORDTON / Rector distributing inc

RECTOR DISTRIBUTING INC

Date Approved

04/13/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

RECTOR DISTRIBUTING INC

Borrower Address

2701 COVE RD

Borrower City

RUTHERFORDTON

Borrower State

NC

Borrower Zip

28139-7567

Loan Status Date

02/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

38800.00

Current Approval Amount

38800.00

Undisbursed Amount

0.00

Franchise Name

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RUTHERFORDTON

Project County Name

RUTHERFORD

Project State

NC

Project Zip

28139-7567

CD

NC-11

Jobs Reported

11

NAICS Code

424490

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

38800.00

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

39085.61

Forgiveness Date

01/14/2021

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