PPP Loan information for Absolute automotive inc

$10,600

Absolute automotive inc was initially approved for PPP Loan of amount $10,600, the current approved amount is $10,600. The loan was approved on 05/13/2021 by The Mechanics & Farmers Bank reported 1 jobs and $10,600 was used to fund payroll.

Absolute automotive inc is Existing or more than 2 years old

PPP Loan Search / NC / Graham / Absolute automotive inc

ABSOLUTE AUTOMOTIVE INC

Date Approved

05/13/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

ABSOLUTE AUTOMOTIVE INC

Borrower Address

7719 S NC Highway 87

Borrower City

Graham

Borrower State

NC

Borrower Zip

27253-9690

Loan Status Date

04/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

10600.00

Current Approval Amount

10600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50708

Servicing Lender Name

Mechanics & Farmers Bank

Servicing Lender Address

2634 Durham-Chapel Hill Blvd

Servicing Lender City

DURHAM

Servicing Lender State

NC

Servicing Lender Zip

27707-2800

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Graham

Project County Name

ALAMANCE

Project State

NC

Project Zip

27253-9690

CD

NC-04

Jobs Reported

1

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

10599.00

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

50708

Originating Lender

Mechanics & Farmers Bank

Originating Lender City

DURHAM

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

10683.35

Forgiveness Date

03/02/2022

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