PPP Loan information for Lincoln cotton factory

$22,165

Lincoln cotton factory was initially approved for PPP Loan of amount $22,165, the current approved amount is $22,165. The loan was approved on 02/11/2021 by The Truist Bank reported 5 jobs and $22,165 was used to fund payroll.

Lincoln cotton factory is Existing or more than 2 years old

PPP Loan Search / NC / Lincolnton / Lincoln cotton factory

LINCOLN COTTON FACTORY

Date Approved

02/11/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

LINCOLN COTTON FACTORY

Borrower Address

848 Southfork Rd

Borrower City

Lincolnton

Borrower State

NC

Borrower Zip

28092

Loan Status Date

04/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

22165.00

Current Approval Amount

22165.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

Lincolnton

Project County Name

LINCOLN

Project State

NC

Project Zip

28092

CD

NC-05

Jobs Reported

5

NAICS Code

561920

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

22165.00

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

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

22402.66

Forgiveness Date

03/14/2022

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