PPP Loan information for Compostnow inc.

$506,360

Compostnow inc. was initially approved for PPP Loan of amount $506,360, the current approved amount is $506,360. The loan was approved on 04/09/2020 by The First Horizon Bank reported 53 jobs and $506,360 was used to fund payroll.

Compostnow inc. is Existing or more than 2 years old

PPP Loan Search / NC / RALEIGH / Compostnow inc.

COMPOSTNOW INC.

Date Approved

04/09/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

COMPOSTNOW INC.

Borrower Address

706 MOUNTFORD ST

Borrower City

RALEIGH

Borrower State

NC

Borrower Zip

27603-1944

Loan Status Date

10/01/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

506360.00

Current Approval Amount

506360.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RALEIGH

Project County Name

WAKE

Project State

NC

Project Zip

27603-1944

CD

NC-13

Jobs Reported

53

NAICS Code

562111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3600.00

Payroll Proceed

460760.00

Mortgage Interest Proceed

0.00

Rent Proceed

42000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

512970.81

Forgiveness Date

08/11/2021

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