PPP Loan information for Michael thomas furniture inc

$1,066,112

Michael thomas furniture inc was initially approved for PPP Loan of amount $1,066,112, the current approved amount is $1,066,112. The loan was approved on 04/06/2020 by The Triad Business Bank reported 120 jobs and $1,066,112 was used to fund payroll.

Michael thomas furniture inc is Existing or more than 2 years old

PPP Loan Search / NC / HIGH POINT / Michael thomas furniture inc

MICHAEL THOMAS FURNITURE INC

Date Approved

04/06/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MICHAEL THOMAS FURNITURE INC

Borrower Address

211 Old Thomasville Road

Borrower City

HIGH POINT

Borrower State

NC

Borrower Zip

27260-8188

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1066111.80

Current Approval Amount

1066111.80

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

27260-8188

CD

NC-06

Jobs Reported

120

NAICS Code

337121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1066111.80

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1073159.98

Forgiveness Date

12/10/2020

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