PPP Loan information for Frontier yarns, inc.

$9,099,187

Frontier yarns, inc. was initially approved for PPP Loan of amount $10,000,000, the current approved amount is $9,099,187. The loan was approved on 04/09/2020 by The Truist Bank reported 500 jobs and $9,099,187 was used to fund payroll.

Frontier yarns, inc. is New Business or 2 years or less

PPP Loan Search / NC / SANFORD / Frontier yarns, inc.

FRONTIER YARNS, INC.

Date Approved

04/09/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

FRONTIER YARNS, INC.

Borrower Address

1823 Boone Trail Road

Borrower City

SANFORD

Borrower State

NC

Borrower Zip

27330-8662

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

10000000.00

Current Approval Amount

9099187.04

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

N

Business Age Description

New Business or 2 years or less

Project City

SANFORD

Project County Name

LEE

Project State

NC

Project Zip

27330-8662

CD

NC-09

Jobs Reported

500

NAICS Code

313310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

9099187.04

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

9203574.94

Forgiveness Date

06/11/2021

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