Scotland Manufacturing, Inc.

$572,789 PPP Loan in Maxton, North Carolina

Loan Details

Loan Number
7459277000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$572,789
Current Approval
$572,789
Forgiveness Amount
$579,360
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Scotland Manufacturing, Inc.
Address
22261 Skyway Church Rd
City
Maxton
ZIP Code
28364-6484
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (331210)
Business Age
Existing or more than 2 years old
Jobs Reported
436
Estimated Revenue
$114.2M
Rural/Urban
Rural
Congressional District
NC-09

Loan Use Breakdown

Payroll
$450,000
Rent
$17,789
Utilities
$45,000
Health Care
$50,000
Debt Interest
$10,000

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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