PPP Loan information for The systems depot inc

$604,935

The systems depot inc was initially approved for PPP Loan of amount $604,935, the current approved amount is $604,935. The loan was approved on 04/11/2020 by The First Horizon Bank reported 56 jobs and $604,935 was used to fund payroll.

The systems depot inc is Existing or more than 2 years old

PPP Loan Search / NC / HICKORY / The systems depot inc

THE SYSTEMS DEPOT INC

Date Approved

04/11/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

THE SYSTEMS DEPOT INC

Borrower Address

1510 TATE BLVD SE

Borrower City

HICKORY

Borrower State

NC

Borrower Zip

28602-4242

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

604935.00

Current Approval Amount

604935.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HICKORY

Project County Name

CATAWBA

Project State

NC

Project Zip

28602-4242

CD

NC-10

Jobs Reported

56

NAICS Code

423690

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

464935.00

Mortgage Interest Proceed

30000.00

Rent Proceed

30000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

50000.00

Debt Interest Proceed

10000

Business Type

Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

611219.60

Forgiveness Date

05/05/2021

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