PPP Loan information for M & r retreading & oil co inc

$112,500

M & r retreading & oil co inc was initially approved for PPP Loan of amount $112,500, the current approved amount is $112,500. The loan was approved on 04/14/2020 by The Uwharrie Bank reported 20 jobs and $112,500 was used to fund payroll.

M & r retreading & oil co inc is Existing or more than 2 years old

PPP Loan Search / NC / NORWOOD / M & r retreading & oil co inc

M & R RETREADING & OIL CO INC

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

M & R RETREADING & OIL CO INC

Borrower Address

337 WHITLEY ST

Borrower City

NORWOOD

Borrower State

NC

Borrower Zip

28128-8712

Loan Status Date

03/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

112500.00

Current Approval Amount

112500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50369

Servicing Lender Name

Uwharrie Bank

Servicing Lender Address

167 N 2nd St

Servicing Lender City

ALBEMARLE

Servicing Lender State

NC

Servicing Lender Zip

28001-4803

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NORWOOD

Project County Name

STANLY

Project State

NC

Project Zip

28128-8712

CD

NC-08

Jobs Reported

20

NAICS Code

811198

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3894.00

Payroll Proceed

90000.00

Mortgage Interest Proceed

0.00

Rent Proceed

7000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

11606.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

50369

Originating Lender

Uwharrie Bank

Originating Lender City

ALBEMARLE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

113487.50

Forgiveness Date

03/05/2021

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