PPP Loan information for The sock factory

$312,000

The sock factory was initially approved for PPP Loan of amount $312,000, the current approved amount is $312,000. The loan was approved on 04/07/2020 by The Peoples Bank reported 62 jobs and $312,000 was used to fund payroll.

The sock factory is Existing or more than 2 years old

PPP Loan Search / NC / HICKORY / The sock factory

THE SOCK FACTORY

Date Approved

04/07/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

THE SOCK FACTORY

Borrower Address

1371 13th St. sw

Borrower City

HICKORY

Borrower State

NC

Borrower Zip

28602-4918

Loan Status Date

06/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

312000.00

Current Approval Amount

312000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50396

Servicing Lender Name

Peoples Bank

Servicing Lender Address

518 W 'C' St

Servicing Lender City

NEWTON

Servicing Lender State

NC

Servicing Lender Zip

28658

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HICKORY

Project County Name

CATAWBA

Project State

NC

Project Zip

28602-4918

CD

NC-10

Jobs Reported

62

NAICS Code

315110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

312000.00

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

50396

Originating Lender

Peoples Bank

Originating Lender City

NEWTON

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

315328.00

Forgiveness Date

05/04/2021

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