PPP Loan information for Opportunities industrialization center, incorporated

Date Approved

04/09/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

OPPORTUNITIES INDUSTRIALIZATION CENTER, INCORPORATED

Borrower Address

402 E VIRGINIA ST

Borrower City

ROCKY MOUNT

Borrower State

NC

Borrower Zip

27801-3454

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1714770.00

Current Approval Amount

1654257.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50882

Servicing Lender Name

Southern Bank and Trust Company

Servicing Lender Address

100 N Center St

Servicing Lender City

MOUNT OLIVE

Servicing Lender State

NC

Servicing Lender Zip

28365-1701

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCKY MOUNT

Project County Name

EDGECOMBE

Project State

NC

Project Zip

27801-3454

CD

NC-01

Jobs Reported

167

NAICS Code

813319

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

62500.00

Payroll Proceed

1546757.00

Mortgage Interest Proceed

37500.00

Rent Proceed

7500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

50882

Originating Lender

Southern Bank and Trust Company

Originating Lender City

MOUNT OLIVE

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1667261.30

Forgiveness Date

02/12/2021