1ST CLASS TOOL INC (NC) - 2020 PPP Loan Borrower Profile (# 4062647808)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1ST CLASS TOOL INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in North Carolina.

Loan Detail

Loan Number

4062647808

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$6,837

Date Loan was Approved

May 27, 2020

Amount Forgiven

$6,886

Date Loan was Forgiven

Feb 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

6,837

Lender

Carter Bank & Trust

Business Detail

Business Type

Subchapter S Corporation

NAICS

423710

Borrower Location

SANFORD, NC

Project Location

SANFORD, NC

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.