PPP Loan information for Poteats transmission parts inc

$28,597

Poteats transmission parts inc was initially approved for PPP Loan of amount $28,597, the current approved amount is $28,597. The loan was approved on 02/06/2021 by The Farmers & Merchants Bank reported 7 jobs and $28,597 was used to fund payroll.

Poteats transmission parts inc is Existing or more than 2 years old

PPP Loan Search / NC / Kannapolis / Poteats transmission parts inc

POTEATS TRANSMISSION PARTS INC

Date Approved

02/06/2021

SBA Office Code

0460

Processing Method

PPP

Borrower Name

POTEATS TRANSMISSION PARTS INC

Borrower Address

1906 N Main St

Borrower City

Kannapolis

Borrower State

NC

Borrower Zip

28081-2365

Loan Status Date

05/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

28596.57

Current Approval Amount

28596.57

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50827

Servicing Lender Name

Farmers & Merchants Bank

Servicing Lender Address

138 N Salisbury Ave

Servicing Lender City

GRANITE QUARRY

Servicing Lender State

NC

Servicing Lender Zip

28146

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Kannapolis

Project County Name

ROWAN

Project State

NC

Project Zip

28081-2365

CD

NC-08

Jobs Reported

7

NAICS Code

441310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

28593.57

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

50827

Originating Lender

Farmers & Merchants Bank

Originating Lender City

GRANITE QUARRY

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

28934.96

Forgiveness Date

04/26/2022

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