PPP Loan information for Distribution technology inc.

$2,259,200

Distribution technology inc. was initially approved for PPP Loan of amount $2,259,200, the current approved amount is $2,259,200. The loan was approved on 04/14/2020 by The Truist Bank reported 220 jobs and $2,259,200 was used to fund payroll.

Distribution technology inc. is Existing or more than 2 years old

PPP Loan Search / NC / CHARLOTTE / Distribution technology inc.

DISTRIBUTION TECHNOLOGY INC.

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

DISTRIBUTION TECHNOLOGY INC.

Borrower Address

1701 CONTINENTAL BLVD

Borrower City

CHARLOTTE

Borrower State

NC

Borrower Zip

28273-6374

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2259200.00

Current Approval Amount

2259200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHARLOTTE

Project County Name

MECKLENBURG

Project State

NC

Project Zip

28273-6374

CD

NC-14

Jobs Reported

220

NAICS Code

493110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2259200.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2285306.31

Forgiveness Date

06/11/2021

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