PPP Loan information for Precision fermentation inc.

$282,159

Precision fermentation inc. was initially approved for PPP Loan of amount $282,160, the current approved amount is $282,159. The loan was approved on 02/19/2021 by The The Fidelity Bank reported 22 jobs and $282,159 was used to fund payroll.

Precision fermentation inc. is Existing or more than 2 years old

PPP Loan Search / NC / Durham / Precision fermentation inc.

PRECISION FERMENTATION INC.

Date Approved

02/19/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

PRECISION FERMENTATION INC.

Borrower Address

2611 Durham Chapel Hill Blvd

Borrower City

Durham

Borrower State

NC

Borrower Zip

27707-2867

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

282159.52

Current Approval Amount

282159.00

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

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Durham

Project County Name

DURHAM

Project State

NC

Project Zip

27707-2867

CD

NC-04

Jobs Reported

22

NAICS Code

334513

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

282157.00

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

50761

Originating Lender

The Fidelity Bank

Originating Lender City

FUQUAY VARINA

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

283005.48

Forgiveness Date

06/15/2021

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