Masterwrap INC

$276,140 PPP Loan in Welcome, North Carolina

Loan Details

Loan Number
8437617108
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$276,140
Current Approval
$276,140
Forgiveness Amount
$278,727
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Masterwrap INC
Address
Po Box 1219
ZIP Code
27374
Business Type
Corporation
Industry (NAICS)
Manufacturing (321211)
Business Age
Existing or more than 2 years old
Jobs Reported
41
Estimated Revenue
$40.7M
Rural/Urban
Rural
Congressional District
NC-08

Loan Use Breakdown

Payroll
$220,912
Rent
$42,000
Utilities
$6,908
Debt Interest
$6,320

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
First Reliance Bank

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