PPP Loan information for Electronic data magnetics inc

$928,115

Electronic data magnetics inc was initially approved for PPP Loan of amount $972,500, the current approved amount is $928,115. The loan was approved on 04/08/2020 by The Truist Bank reported 96 jobs and $928,115 was used to fund payroll.

Electronic data magnetics inc is Existing or more than 2 years old

PPP Loan Search / NC / HIGH POINT / Electronic data magnetics inc

ELECTRONIC DATA MAGNETICS INC

Date Approved

04/08/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ELECTRONIC DATA MAGNETICS INC

Borrower Address

210 Old Thomasville Road

Borrower City

HIGH POINT

Borrower State

NC

Borrower Zip

27260-8187

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

972500.00

Current Approval Amount

928115.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HIGH POINT

Project County Name

GUILFORD

Project State

NC

Project Zip

27260-8187

CD

NC-06

Jobs Reported

96

NAICS Code

323111

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

928115.00

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

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

938762.54

Forgiveness Date

06/10/2021

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