PPP Loan information for Alamance farmers mutual insurance company

$305,500

Alamance farmers mutual insurance company was initially approved for PPP Loan of amount $311,100, the current approved amount is $305,500. The loan was approved on 05/04/2020 by The Mechanics & Farmers Bank reported 14 jobs and $305,500 was used to fund payroll.

Alamance farmers mutual insurance company is Unanswered

PPP Loan Search / NC / GRAHAM / Alamance farmers mutual insurance company

ALAMANCE FARMERS MUTUAL INSURANCE COMPANY

Date Approved

05/04/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ALAMANCE FARMERS MUTUAL INSURANCE COMPANY

Borrower Address

107 NORTH MAPLE STREET

Borrower City

GRAHAM

Borrower State

NC

Borrower Zip

27253

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

311100.00

Current Approval Amount

305500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50708

Servicing Lender Name

Mechanics & Farmers Bank

Servicing Lender Address

2634 Durham-Chapel Hill Blvd

Servicing Lender City

DURHAM

Servicing Lender State

NC

Servicing Lender Zip

27707-2800

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Unanswered

Project City

GRAHAM

Project County Name

ALAMANCE

Project State

NC

Project Zip

27253-0001

CD

NC-04

Jobs Reported

14

NAICS Code

524210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

305500.00

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

50708

Originating Lender

Mechanics & Farmers Bank

Originating Lender City

DURHAM

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

307098.64

Forgiveness Date

11/23/2020

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