PPP Loan information for Direction furniture co

$269,435

Direction furniture co was initially approved for PPP Loan of amount $269,435, the current approved amount is $269,435. The loan was approved on 03/13/2021 by The Peoples Bank reported 40 jobs and $269,435 was used to fund payroll.

Direction furniture co is Existing or more than 2 years old

PPP Loan Search / NC / Newton / Direction furniture co

DIRECTION FURNITURE CO

Date Approved

03/13/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

DIRECTION FURNITURE CO

Borrower Address

2506 N Ashe Ave

Borrower City

Newton

Borrower State

NC

Borrower Zip

28658-2765

Loan Status Date

03/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

269435.00

Current Approval Amount

269435.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50396

Servicing Lender Name

Peoples Bank

Servicing Lender Address

518 W 'C' St

Servicing Lender City

NEWTON

Servicing Lender State

NC

Servicing Lender Zip

28658

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newton

Project County Name

CATAWBA

Project State

NC

Project Zip

28658-2765

CD

NC-10

Jobs Reported

40

NAICS Code

337215

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

269432.00

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

50396

Originating Lender

Peoples Bank

Originating Lender City

NEWTON

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

272533.50

Forgiveness Date

05/12/2022

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