Adele Knits INC

$900,386 PPP Loan in Winston Salem, North Carolina

Loan Details

Loan Number
8193307003
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$900,386
Current Approval
$900,386
Forgiveness Amount
$910,215
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Adele Knits INC
Address
3304 Old Lexington Rd
ZIP Code
27107-4119
Business Type
Corporation
Industry (NAICS)
Manufacturing (313240)
Business Age
Existing or more than 2 years old
Jobs Reported
116
Estimated Revenue
$40.9M
Rural/Urban
Urban
Congressional District
NC-05

Loan Use Breakdown

Payroll
$675,289
Rent
$50,000
Utilities
$75,054
Health Care
$100,043

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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