PPP Loan information for The lobster trap

$175,000

The lobster trap was initially approved for PPP Loan of amount $175,000, the current approved amount is $175,000. The loan was approved on 04/27/2020 by The Forbright Bank reported 32 jobs and $175,000 was used to fund payroll.

The lobster trap is Existing or more than 2 years old

PPP Loan Search / NC / ASHEVILLE / The lobster trap

THE LOBSTER TRAP

Date Approved

04/27/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

THE LOBSTER TRAP

Borrower Address

35 PATTON AVENUE

Borrower City

ASHEVILLE

Borrower State

NC

Borrower Zip

28801-3314

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

175000.00

Current Approval Amount

175000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

342932

Servicing Lender Name

Forbright Bank

Servicing Lender Address

4445 Willard Ave Ste 1000

Servicing Lender City

CHEVY CHASE

Servicing Lender State

MD

Servicing Lender Zip

20815-3690

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ASHEVILLE

Project County Name

BUNCOMBE

Project State

NC

Project Zip

28801-3314

CD

NC-11

Jobs Reported

32

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

175000.00

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

342932

Originating Lender

Forbright Bank

Originating Lender City

CHEVY CHASE

Originating Lender State

MD

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

165829.58

Forgiveness Date

11/05/2020

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