# PPP loan: WALLACE INDUSTRIAL INC.
> **$200K** approved 03/31/2021 · Paid in Full · Loan `3806628710`
## Borrower
- **Name:** WALLACE INDUSTRIAL INC.
- **Address:** 870 Biscayne Dr, Concord, NC, 28027-8441
- **NAICS:** 561790
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $203K (101%)
- **Forgiveness date:** 08/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $200K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*