PPP Loan information for Wallace electronic sales inc

$74,800

Wallace electronic sales inc was initially approved for PPP Loan of amount $101,000, the current approved amount is $74,800. The loan was approved on 04/04/2020 by The First Community Bank reported 7 jobs and $74,800 was used to fund payroll.

Wallace electronic sales inc is Existing or more than 2 years old

PPP Loan Search / NC / KERNERSVILLE / Wallace electronic sales inc

WALLACE ELECTRONIC SALES INC

Date Approved

04/04/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

WALLACE ELECTRONIC SALES INC

Borrower Address

935K EAST MOUNTAIN ST

Borrower City

KERNERSVILLE

Borrower State

NC

Borrower Zip

27284-3221

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

101000.00

Current Approval Amount

74800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

75351

Servicing Lender Name

First Community Bank

Servicing Lender Address

29 College Dr

Servicing Lender City

BLUEFIELD

Servicing Lender State

VA

Servicing Lender Zip

24605-1736

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

KERNERSVILLE

Project County Name

FORSYTH

Project State

NC

Project Zip

27284-3221

CD

NC-06

Jobs Reported

7

NAICS Code

423690

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

74800.00

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

75351

Originating Lender

First Community Bank

Originating Lender City

BLUEFIELD

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

75211.40

Forgiveness Date

11/05/2020

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