PPP Loan information for Electronic data magnetics inc.

$859,105

Electronic data magnetics inc. was initially approved for PPP Loan of amount $859,105, the current approved amount is $859,105. The loan was approved on 01/22/2021 by The Triad Business Bank reported 70 jobs and $859,105 was used to fund payroll.

Electronic data magnetics inc. is Existing or more than 2 years old

PPP Loan Search / NC / High Point / Electronic data magnetics inc.

ELECTRONIC DATA MAGNETICS INC.

Date Approved

01/22/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

ELECTRONIC DATA MAGNETICS INC.

Borrower Address

210 Old Thomasville Rd

Borrower City

High Point

Borrower State

NC

Borrower Zip

27260-8187

Loan Status Date

02/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

859104.72

Current Approval Amount

859104.72

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

528466

Servicing Lender Name

Triad Business Bank

Servicing Lender Address

1501 Highwoods Blvd, Ste 103

Servicing Lender City

GREENSBORO

Servicing Lender State

NC

Servicing Lender Zip

27410-2051

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

High Point

Project County Name

GUILFORD

Project State

NC

Project Zip

27260-8187

CD

NC-06

Jobs Reported

70

NAICS Code

323111

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

859100.72

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

528466

Originating Lender

Triad Business Bank

Originating Lender City

GREENSBORO

Originating Lender State

NC

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

864975.27

Forgiveness Date

10/06/2021

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