New River Building Supply INC

$681,160 PPP Loan in Boone, North Carolina

Loan Details

Loan Number
7378827008
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$681,160
Current Approval
$681,160
Forgiveness Amount
$684,850
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
New River Building Supply INC
Address
3148 Nc Hwy 105 S
City
Boone
ZIP Code
28607-7309
Business Type
Corporation
Industry (NAICS)
Retail Trade (444190)
Business Age
Existing or more than 2 years old
Jobs Reported
64
Estimated Revenue
$13.2M
Rural/Urban
Rural
Congressional District
NC-05

Loan Use Breakdown

Payroll
$570,000
Rent
$32,500
Utilities
$18,660
Debt Interest
$60,000

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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