PPP Loan information for Forma-fab metals, inc.

$621,200

Forma-fab metals, inc. was initially approved for PPP Loan of amount $621,200, the current approved amount is $621,200. The loan was approved on 04/09/2020 by The First Horizon Bank reported 60 jobs and $621,200 was used to fund payroll.

Forma-fab metals, inc. is Existing or more than 2 years old

PPP Loan Search / NC / MEBANE / Forma-fab metals, inc.

FORMA-FAB METALS, INC.

Date Approved

04/09/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

FORMA-FAB METALS, INC.

Borrower Address

5816 US Highway 70

Borrower City

MEBANE

Borrower State

NC

Borrower Zip

27302

Loan Status Date

06/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

621200.00

Current Approval Amount

621200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MEBANE

Project County Name

ALAMANCE

Project State

NC

Project Zip

27302-0001

CD

NC-04

Jobs Reported

60

NAICS Code

332999

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

621200.00

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

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

633951.86

Forgiveness Date

05/03/2022

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