PPP Loan information for Quality machine & weld, inc.

$34,714

Quality machine & weld, inc. was initially approved for PPP Loan of amount $34,714, the current approved amount is $34,714. The loan was approved on 04/13/2020 by The Southern Bank and Trust Company reported 3 jobs and $34,714 was used to fund payroll.

Quality machine & weld, inc. is Existing or more than 2 years old

PPP Loan Search / NC / LA GRANGE / Quality machine & weld, inc.

QUALITY MACHINE & WELD, INC.

Date Approved

04/13/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

QUALITY MACHINE & WELD, INC.

Borrower Address

4457 GEORGE ABBOTT RD

Borrower City

LA GRANGE

Borrower State

NC

Borrower Zip

28551-8001

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

34714.00

Current Approval Amount

34714.00

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

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LA GRANGE

Project County Name

LENOIR

Project State

NC

Project Zip

28551-8001

CD

NC-03

Jobs Reported

3

NAICS Code

332710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

34714.00

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

50882

Originating Lender

Southern Bank and Trust Company

Originating Lender City

MOUNT OLIVE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

34934.82

Forgiveness Date

12/09/2020

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