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PPP loans in Rutherford County, North Carolina

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 910 Paycheck Protection Program loans for businesses it recorded in Rutherford County, $59.2 million in all.

Rutherford County, as of September 30, 2024

$59.2 million
Approved
$59,207,836
0.3% of the $17.7 billion approved in North Carolina.
910
Loans
720 first draws and 190 second draws.
90.4%
Forgiven
823 of 910 loans carry a forgiveness amount, $57.7 million in all.
5.9%
Charged off
54 of 910 loans, approved for $1.0 million. That is the loans' size, not what SBA lost.

The largest borrowers in Rutherford County · 2020–21

1 more column on a wider screen

The largest borrowers in Rutherford County, 2020–21
RankNameUSD
1Fountain Services LLC, Spindale$2.2 million
2Freightworks, LLC, Rutherfordton$1.9 million
3Parton Lumber Company, Inc, Rutherfordton$1.4 million
4Truck Service Inc, Forest City$1.4 million
5Fairfield Mountains Property Owners Association, Inc., Lake Lure$1.2 million
6East Coast Rebar Inc, Forest City$1.1 million
7Herrmann International Inc, Union Mills$900.0 thousand
8Carpenter Design Inc., Rutherfordton$864.9 thousand
9Sunray Inc, Rutherfordton$862.6 thousand
10Herrmann International, Inc., Spindale$845.5 thousand
11Fair Haven Of Forest City, LLC, Forest City$844.2 thousand
12Carpenter Design Inc., Rutherfordton$823.4 thousand
13Rutherford Management Corp., Forest City$821.5 thousand
14Rutherford Heating & Air Conditioning LLC, Spindale$753.3 thousand
15Site Development Corporation, Cliffside$718.0 thousand
16Main Street Financial Group, Inc, Forest City$694.9 thousand
17Gilkey Lumber Co Inc, Rutherfordton$660.1 thousand
18Gilkey Lumber Company Inc., Rutherfordton$616.2 thousand
19Willow Ridge Healthcare LLC, Rutherfordton$612.9 thousand
20Classical Academies CFA, Inc., Lake Lure$589.3 thousand
21Us Precision Cabinetry LLC, Rutherfordton$508.8 thousand
22Rutherford Life Services Inc, Spindale$499.6 thousand
23Site Development Corp., Cliffside$496.6 thousand
24Smith's Drugs Of Forest City, Inc, Forest City$440.9 thousand
25King Law Offices PLLC, Forest City$439.2 thousand
26Fair Haven Home, Inc., Bostic$438.7 thousand
27Camp Electric Company Inc, Rutherfordton$416.0 thousand
28Plastic Solutions, Inc., Ellenboro$393.3 thousand
29Appling Boring Co. Inc, Forest City$370.0 thousand
30Rutherford Sales And Recovery Company Inc, Forest City$357.0 thousand
31Appling Boring Co. Inc, Forest City$355.0 thousand
32McCurry-Deck Motors, Inc., Forest City$332.9 thousand
33Boyd Utility Boring Inc., Forest City$332.5 thousand
34Forest City Automotive, LLC, Forest City$332.5 thousand
35Eds Pallet World Inc, Ellenboro$332.3 thousand
36Data Driven Safety LLC, Huntersville$314.8 thousand
37Forest City Automotive LLC, Forest City$311.1 thousand
38Brick Haulers Inc, Forest City$307.8 thousand
39Isothermal Textile Services, LLC, Spindale$298.1 thousand
40Chimney Rock Management, LLC, Chimney Rock$289.1 thousand
41Ultimate Textile Inc., Rutherfordton$283.9 thousand
42Lake Lure Properties LLC, Lake Lure$279.6 thousand
43The Word Of Faith Fellowship, Inc., Spindale$271.9 thousand
44Isothermal Textile Services LLC, Spindale$271.3 thousand
45Mayse Manufacturing Co Inc, Forest City$257.6 thousand
46Sisk Family Ford Inc, Forest City$244.2 thousand
47C.C. Strickland & Sons, Inc., Ellenboro$242.6 thousand
48Go Forth Services Inc, Rutherfordton$232.5 thousand
49C.C. Strickland & Sons Inc., Ellenboro$230.8 thousand
50Apple Tuck & Associates Inc., Rutherfordton$229.8 thousand
51Sunrise Development, Ellenboro$227.8 thousand
52North State Gas Service Inc., Forest City$225.1 thousand
53Freedom Automotive LLC, Forest City$224.4 thousand
54Shelly Inc, Forest City$223.7 thousand
55Carolina Bar Placers, LLC, Rutherfordton$218.0 thousand
56Lake Lure Properties, LLC, Lake Lure$211.8 thousand
57J's Salvage Inc., Forest City$209.3 thousand
58Copper Penny Rutherfordton, Rutherfordton$203.7 thousand
59Hardin's, Inc., Forest City$203.7 thousand
60E.S. Walker Construction Inc., Forest City$198.0 thousand
61Lakehouse Restaurants LLC, Lake Lure$197.8 thousand
62C F Reece And Son Supply Co Inc, Rutherfordton$193.2 thousand
63Don Harrill Co Inc, Spindale$190.0 thousand
64Odom Engineering, PLLC, Forest City$189.3 thousand
65E.S. Walker Construction Inc., Forest City$185.0 thousand
66Patriot Automotive LLC, Forest City$184.0 thousand
67Forest City Paint & Supply Co., Inc., Forest City$177.2 thousand
68Copper Penny Fc LLC, Forest City$177.0 thousand
69Riverwatch Deli And Grill Inc, Chimney Rock$176.7 thousand
70T&M Auto Sales Inc., Mooresboro$176.7 thousand
71Marstan Restaurants, LLC, Lake Lure$175.1 thousand
72Spindale Drug Company, Inc, Spindale$173.5 thousand
73Mighty Stores LLC, Forest City$172.5 thousand
74Cross Link, Inc, Mooresboro$168.7 thousand
75Sisk Grading Inc, Forest City$165.6 thousand
76Forest City Heating And Air Conditioning, Inc, Forest City$163.7 thousand
77Sunrise Development, Ellenboro$162.0 thousand
78Polk Sawmill, LLC, Rutherfordton$160.3 thousand
79Iauto, Inc., Spindale$158.8 thousand
80Boyd Welding And Manufacturing, Inc., Forest City$155.3 thousand
81Family Resources Of Rutherford County, Inc., Forest City$154.5 thousand
82Donald Cason, Chimney Rock$153.3 thousand
83Lakeside Mills Inc., Spindale$151.4 thousand
84Hotel One Incorporated, Forest City$150.0 thousand
85J.R.G. Design, Inc, Ellenboro$149.0 thousand
86Farmer & Morris Law PLLC, Rutherfordton$147.7 thousand
87Drop-In Food Stores Inc., Forest City$145.7 thousand
88C F Reece And Son Supply Co Inc, Rutherfordton$144.4 thousand
89Blanton Miller & Moore PLLC, Rutherfordton$143.7 thousand
90Ckl Electrical Contractors, Inc., Forest City$143.3 thousand
91Major Lee's Inc., Forest City$140.1 thousand
92Farmer & Morris Law PLLC, Rutherfordton$140.1 thousand
93Carolina Chiroprac Plus Rutherford, Forest City$138.5 thousand
94Cherry Mountain Sawmill, LLC, Rutherfordton$137.4 thousand
95Henderson Care Center, Inc., Forest City$135.8 thousand
96Therapy Plus Clinic Incorporated, Forest City$133.9 thousand
97Copper Penny Rutherfordton LLC, Rutherfordton$133.9 thousand
98Mountain Lakes Landscape LLC, Forest City$133.1 thousand
99George Brooks Plumbing, Inc., Ellenboro$132.9 thousand
100Webb DMD PLLC, Forest City$132.0 thousand

How the list is drawn

  • 100 of the 862 borrowers ranked in Rutherford County are listed: every one ranked in the top 100, with ties. Borrowers approved the same amount share a rank, so the list can be longer than 100.
  • A borrower is ranked here when SBA recorded its first loan in Rutherford County. Its amount is summed over every loan it was approved, a first draw, a second or both, and is not what was forgiven or repaid, which each borrower’s page shows loan by loan.

Sources

Data retrieved