PPP Loan information for Race tech race cars and components inc

$68,405

Race tech race cars and components inc was initially approved for PPP Loan of amount $68,405, the current approved amount is $68,405. The loan was approved on 01/23/2021 by The The Fidelity Bank reported 8 jobs and $68,405 was used to fund payroll.

Race tech race cars and components inc is Existing or more than 2 years old

PPP Loan Search / NC / Burlington / Race tech race cars and components inc

RACE TECH RACE CARS AND COMPONENTS INC

Date Approved

01/23/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

RACE TECH RACE CARS AND COMPONENTS INC

Borrower Address

403 MacArthur Ln

Borrower City

Burlington

Borrower State

NC

Borrower Zip

27217-8740

Loan Status Date

01/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

68405.00

Current Approval Amount

68405.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50761

Servicing Lender Name

The Fidelity Bank

Servicing Lender Address

100 S Main St

Servicing Lender City

FUQUAY VARINA

Servicing Lender State

NC

Servicing Lender Zip

27526-2221

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Burlington

Project County Name

ALAMANCE

Project State

NC

Project Zip

27217-8740

CD

NC-04

Jobs Reported

8

NAICS Code

336999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

68399.00

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

Subchapter S Corporation

Originating Lender Location Id

50761

Originating Lender

The Fidelity Bank

Originating Lender City

FUQUAY VARINA

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

69009.24

Forgiveness Date

12/14/2021

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