PPP Loan information for Borco inc.

$97,500

Borco inc. was initially approved for PPP Loan of amount $97,500, the current approved amount is $97,500. The loan was approved on 03/18/2021 by The Truist Bank reported 7 jobs and $97,500 was used to fund payroll.

Borco inc. is Existing or more than 2 years old

PPP Loan Search / NC / Kinston / Borco inc.

BORCO INC.

Date Approved

03/18/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

BORCO INC.

Borrower Address

702 Summit Ave

Borrower City

Kinston

Borrower State

NC

Borrower Zip

28501-3134

Loan Status Date

10/01/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

97500.00

Current Approval Amount

97500.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

Kinston

Project County Name

LENOIR

Project State

NC

Project Zip

28501-3134

CD

NC-03

Jobs Reported

7

NAICS Code

237110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

97500.00

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

97922.50

Forgiveness Date

08/27/2021

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