PPP Loan information for Nemco motorsports inc.

$77,038

Nemco motorsports inc. was initially approved for PPP Loan of amount $77,038, the current approved amount is $77,038. The loan was approved on 03/04/2021 by The Truist Bank reported 3 jobs and $77,038 was used to fund payroll.

Nemco motorsports inc. is Existing or more than 2 years old

PPP Loan Search / NC / Mooresville / Nemco motorsports inc.

NEMCO MOTORSPORTS INC.

Date Approved

03/04/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

NEMCO MOTORSPORTS INC.

Borrower Address

128 S Iredell Industrial Park Rd

Borrower City

Mooresville

Borrower State

NC

Borrower Zip

28115-7128

Loan Status Date

09/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

77038.00

Current Approval Amount

77038.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mooresville

Project County Name

IREDELL

Project State

NC

Project Zip

28115-7128

CD

NC-10

Jobs Reported

3

NAICS Code

711219

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

77035.00

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

78155.05

Forgiveness Date

08/11/2022

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