PPP Loan information for Swannanoa laundry inc employee stock ownership plan

$163,400

Swannanoa laundry inc employee stock ownership plan was initially approved for PPP Loan of amount $163,400, the current approved amount is $163,400. The loan was approved on 01/27/2021 by The First-Citizens Bank & Trust Company reported 44 jobs and $163,400 was used to fund payroll.

Swannanoa laundry inc employee stock ownership plan is Existing or more than 2 years old

SWANNANOA LAUNDRY INC EMPLOYEE STOCK OWNERSHIP PLAN

Date Approved

01/27/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

SWANNANOA LAUNDRY INC EMPLOYEE STOCK OWNERSHIP PLAN

Borrower Address

165 Coxe Ave

Borrower City

Asheville

Borrower State

NC

Borrower Zip

28801-4025

Loan Status Date

12/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

163400.00

Current Approval Amount

163400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

51009

Servicing Lender Name

First-Citizens Bank & Trust Company

Servicing Lender Address

100 E. Tryon Rd DAC - 90

Servicing Lender City

Raleigh

Servicing Lender State

NC

Servicing Lender Zip

27603-3581

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Asheville

Project County Name

BUNCOMBE

Project State

NC

Project Zip

28801-4025

CD

NC-11

Jobs Reported

44

NAICS Code

812320

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

163398.00

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

51009

Originating Lender

First-Citizens Bank & Trust Company

Originating Lender City

Raleigh

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

164698.25

Forgiveness Date

11/16/2021

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