PPP Loan information for World elastic corporation

$377,800

World elastic corporation was initially approved for PPP Loan of amount $377,800, the current approved amount is $377,800. The loan was approved on 03/26/2021 by The Truist Bank reported 31 jobs and $377,800 was used to fund payroll.

World elastic corporation is Existing or more than 2 years old

PPP Loan Search / NC / Concord / World elastic corporation

WORLD ELASTIC CORPORATION

Date Approved

03/26/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

WORLD ELASTIC CORPORATION

Borrower Address

338 Webb Rd

Borrower City

Concord

Borrower State

NC

Borrower Zip

28025-9018

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

377800.00

Current Approval Amount

377800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Concord

Project County Name

CABARRUS

Project State

NC

Project Zip

28025-9018

CD

NC-12

Jobs Reported

31

NAICS Code

314999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

377798.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

380507.57

Forgiveness Date

12/14/2021

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