AMERICAN SILK MILLS, LLC (NC) - 2020 PPP Loan Borrower Profile (# 9442477102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN SILK MILLS, LLC. 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

9442477102

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$288,862

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$292,241.29

Date Loan was Forgiven

Jun 24, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,018

Payroll Proced

231,090

Mortgage Interest Proceed

Rent Proceed

24,754

Refinance EIDL Proceed

Health Care Proceed

30,000

Debt Interest Proceed

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

313210

Borrower Location

High Point, NC

Project Location

High Point, NC

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.