PPP Loan information for Fiber and yarn products inc

$423,100

Fiber and yarn products inc was initially approved for PPP Loan of amount $423,100, the current approved amount is $423,100. The loan was approved on 04/08/2020 by The Truist Bank reported 44 jobs and $423,100 was used to fund payroll.

Fiber and yarn products inc is Existing or more than 2 years old

PPP Loan Search / NC / HICKORY / Fiber and yarn products inc

FIBER AND YARN PRODUCTS INC

Date Approved

04/08/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

FIBER AND YARN PRODUCTS INC

Borrower Address

585 11TH ST

Borrower City

HICKORY

Borrower State

NC

Borrower Zip

28601-3434

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

423100.00

Current Approval Amount

423100.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HICKORY

Project County Name

CATAWBA

Project State

NC

Project Zip

28601-3434

CD

NC-10

Jobs Reported

44

NAICS Code

313110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

423100.00

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

426285.00

Forgiveness Date

01/14/2021

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