3M35, INC. (NC) - 2020 PPP Loan Borrower Profile (# 5401617004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 3M35, 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

5401617004

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$2,617,300

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$2,647,907.87

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

327,163

Payroll Proced

1,962,975

Rent Proceed

327,162

Lender

Lake Forest Bank & Trust Company, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

722513

Borrower Location

WINSTON SALEM, NC

Project Location

WINSTON SALEM, NC

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

500

Business Age Description

Existing or more than 2 years old

Data Source: SBA.