PPP Loan information for Cabarrus county tourism authority

$293,073

Cabarrus county tourism authority was initially approved for PPP Loan of amount $293,073, the current approved amount is $293,073. The loan was approved on 03/13/2021 by The Farmers & Merchants Bank reported 10 jobs and $293,073 was used to fund payroll.

Cabarrus county tourism authority is Existing or more than 2 years old

PPP Loan Search / NC / Concord / Cabarrus county tourism authority

CABARRUS COUNTY TOURISM AUTHORITY

Date Approved

03/13/2021

SBA Office Code

0460

Processing Method

PPP

Borrower Name

CABARRUS COUNTY TOURISM AUTHORITY

Borrower Address

10099 Weddington Road Ext Ste 102

Borrower City

Concord

Borrower State

NC

Borrower Zip

28027-4444

Loan Status Date

10/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

293072.50

Current Approval Amount

293072.50

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

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Concord

Project County Name

CABARRUS

Project State

NC

Project Zip

28027-4444

CD

NC-12

Jobs Reported

10

NAICS Code

561591

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

293069.50

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

501(c)6 – Non Profit Membership

Originating Lender Location Id

50827

Originating Lender

Farmers & Merchants Bank

Originating Lender City

GRANITE QUARRY

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

294464.59

Forgiveness Date

09/20/2021

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