2520 TAVERN INC (NC) - 2020 PPP Loan Borrower Profile (# 6313777109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 2520 TAVERN 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

6313777109

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$153,573

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$155,168.45

Date Loan was Forgiven

May 6, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,000

Payroll Proced

132,000

Mortgage Interest Proceed

1,573

Rent Proceed

15,000

Lender

First Horizon Bank

Business Detail

Business Type

Corporation

NAICS

722511

Borrower Location

CLEMMONS, NC

Project Location

CLEMMONS, NC

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.