PPP Loan information for Cut2 it inc.

$7,500

Cut2 it inc. was initially approved for PPP Loan of amount $7,500, the current approved amount is $7,500. The loan was approved on 04/11/2020 by The Uwharrie Bank reported 5 jobs and $7,500 was used to fund payroll.

Cut2 it inc. is New Business or 2 years or less

PPP Loan Search / NC / Locust / Cut2 it inc.

CUT2 IT INC.

Date Approved

04/11/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

CUT2 IT INC.

Borrower Address

1018 Main St W

Borrower City

Locust

Borrower State

NC

Borrower Zip

28097-8727

Loan Status Date

05/26/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

7500.00

Current Approval Amount

7500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50369

Servicing Lender Name

Uwharrie Bank

Servicing Lender Address

167 N 2nd St

Servicing Lender City

ALBEMARLE

Servicing Lender State

NC

Servicing Lender Zip

28001-4803

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

Locust

Project County Name

STANLY

Project State

NC

Project Zip

28097-8727

CD

NC-08

Jobs Reported

5

NAICS Code

713940

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

7500.00

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

Subchapter S Corporation

Originating Lender Location Id

50369

Originating Lender

Uwharrie Bank

Originating Lender City

ALBEMARLE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

7580.42

Forgiveness Date

05/13/2021

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