Southern Metals Recycling, Inc.
$397,100 PPP Loan in Wilmington, North Carolina
Loan Details
- Loan Number
- 8971027010
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $397,100
- Current Approval
- $312,124
- Forgiveness Amount
- $315,375
- Forgiveness Date
- May 3, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Southern Metals Recycling, Inc.
- Address
- 13 Wright St
- City
- Wilmington
- State
- North Carolina
- ZIP Code
- 28401-5642
- Business Type
- Corporation
- Industry (NAICS)
- Wholesale Trade (423930)
- Business Age
- New Business or 2 years or less
- Jobs Reported
- 38
- Estimated Revenue
- $11.6M
- Rural/Urban
- Urban
- Congressional District
- NC-07
Loan Use Breakdown
- Payroll
- $312,124
Lender Information
- Servicing Lender
- Truist Bank
- Originating Lender
- Truist Bank
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| Business | Approved | |
|---|---|---|
| Johnston Architecture | $10,000,000 | |
| Wilmington Health, Pllc | $9,086,942 | |
| Lower Cape Fear Hospice Incorporated | $5,070,200 | |
| Bulk Power LLC | $4,855,200 | |
| Megacorp Logistics, LLC | $4,003,100 |
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