Direction Furniture Co.

$269,400 PPP Loan in Newton, North Carolina

Loan Details

Loan Number
1787857304
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$269,400
Current Approval
$269,400
Forgiveness Amount
$271,720
Forgiveness Date
Mar 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Direction Furniture Co.
Address
2506 N Ashe Ave
City
Newton
ZIP Code
28658
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (337215)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$10.5M
Rural/Urban
Rural
Congressional District
NC-10

Loan Use Breakdown

Payroll
$269,400

Lender Information

Servicing Lender
Peoples Bank
Originating Lender
Peoples Bank

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