PPP Loan information for Nemco motorsports inc.

$77,000

Nemco motorsports inc. was initially approved for PPP Loan of amount $77,000, the current approved amount is $77,000. The loan was approved on 05/01/2020 by The Truist Bank reported 3 jobs and $77,000 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

05/01/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

NEMCO MOTORSPORTS INC.

Borrower Address

128 South Iredell Ind. Pk. Rd.

Borrower City

Mooresville

Borrower State

NC

Borrower Zip

28115

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

77000.00

Current Approval Amount

77000.00

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

28115-0001

CD

NC-08

Jobs Reported

3

NAICS Code

711219

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

77000.00

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

77906.89

Forgiveness Date

07/19/2021

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