PPP Loan information for Teracore inc.

$1,875,000

Teracore inc. was initially approved for PPP Loan of amount $1,875,000, the current approved amount is $1,875,000. The loan was approved on 03/13/2021 by The Truist Bank reported 87 jobs and $1,875,000 was used to fund payroll.

Teracore inc. is Existing or more than 2 years old

PPP Loan Search / GA / Woodstock / Teracore inc.

TERACORE INC.

Date Approved

03/13/2021

SBA Office Code

0405

Processing Method

PPP

Borrower Name

TERACORE INC.

Borrower Address

103 Springfield Center Dr Ste 202

Borrower City

Woodstock

Borrower State

GA

Borrower Zip

30188-5525

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1875000.00

Current Approval Amount

1875000.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Woodstock

Project County Name

CHEROKEE

Project State

GA

Project Zip

30188-5525

CD

GA-11

Jobs Reported

87

NAICS Code

541512

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1875000.00

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

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

1890729.17

Forgiveness Date

01/18/2022

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