PPP Loan information for Ideal fastener corporation

$1,615,000

Ideal fastener corporation was initially approved for PPP Loan of amount $1,615,000, the current approved amount is $1,615,000. The loan was approved on 04/14/2020 by The Truist Bank reported 140 jobs and $1,615,000 was used to fund payroll.

Ideal fastener corporation is Existing or more than 2 years old

PPP Loan Search / NC / OXFORD / Ideal fastener corporation

IDEAL FASTENER CORPORATION

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

IDEAL FASTENER CORPORATION

Borrower Address

603 W INDUSTRY DR

Borrower City

OXFORD

Borrower State

NC

Borrower Zip

27565-3593

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1615000.00

Current Approval Amount

1615000.00

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

OXFORD

Project County Name

GRANVILLE

Project State

NC

Project Zip

27565-3593

CD

NC-04

Jobs Reported

140

NAICS Code

315990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1615000.00

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

1629445.28

Forgiveness Date

03/16/2021

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