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 04/11/2020 by The Truist Bank reported 43 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

04/11/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

WORLD ELASTIC CORPORATION

Borrower Address

340 Industrial Court

Borrower City

CONCORD

Borrower State

NC

Borrower Zip

28025-8016

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

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

Y

Business Age Description

Existing or more than 2 years old

Project City

CONCORD

Project County Name

CABARRUS

Project State

NC

Project Zip

28025-8016

CD

NC-12

Jobs Reported

43

NAICS Code

313110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

377800.00

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

381063.77

Forgiveness Date

03/01/2021

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