# PPP loan: WALLACE INDUSTRIAL, INC.
> **$213K** approved 07/28/2020 · Paid in Full · Loan `9510618106`
## Borrower
- **Name:** WALLACE INDUSTRIAL, INC.
- **Address:** 870 Biscayne Drive, CONCORD, NC, 28027-8441
- **NAICS:** 561790
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $213K
- **Initial approval:** $213K
- **Forgiven:** $215K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $213K
- **Jobs reported:** 17
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*