PPP Loan information for Mcdowell lumber company inc

$540,875

Mcdowell lumber company inc was initially approved for PPP Loan of amount $540,875, the current approved amount is $540,875. The loan was approved on 02/11/2021 by The The Fidelity Bank reported 72 jobs and $540,875 was used to fund payroll.

Mcdowell lumber company inc is Existing or more than 2 years old

PPP Loan Search / NC / Asheboro / Mcdowell lumber company inc

MCDOWELL LUMBER COMPANY INC

Date Approved

02/11/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

MCDOWELL LUMBER COMPANY INC

Borrower Address

2473 Falling Oak Rd

Borrower City

Asheboro

Borrower State

NC

Borrower Zip

27205-2055

Loan Status Date

11/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

540875.00

Current Approval Amount

540875.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50761

Servicing Lender Name

The Fidelity Bank

Servicing Lender Address

100 S Main St

Servicing Lender City

FUQUAY VARINA

Servicing Lender State

NC

Servicing Lender Zip

27526-2221

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Asheboro

Project County Name

RANDOLPH

Project State

NC

Project Zip

27205-2055

CD

NC-09

Jobs Reported

72

NAICS Code

321113

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

540869.00

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

50761

Originating Lender

The Fidelity Bank

Originating Lender City

FUQUAY VARINA

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

544631.08

Forgiveness Date

10/25/2021

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