Date Approved
04/14/2020
SBA Office Code
0460
Processing Method
PPP
Borrower Name
MP8507 LLC
Borrower Address
100 JULIAN SHOALS DR STE 10
Borrower City
ARDEN
Borrower State
NC
Borrower Zip
28704-0970
Loan Status Date
07/09/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
39810.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
67085
Servicing Lender Name
Builtwell Bank
Servicing Lender Address
728 Broad St
Servicing Lender City
CHATTANOOGA
Servicing Lender State
TN
Servicing Lender Zip
37402-1801
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Y
Business Age Description
New Business or 2 years or less
Project City
Project County Name
BUNCOMBE
Project State
Project Zip
CD
NC-11
Jobs Reported
7
NAICS Code
722511
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
40279.98
Forgiveness Date
06/16/2021