PPP Loan information for Digital machining systems llc

$555,610

Digital machining systems llc was initially approved for PPP Loan of amount $555,610, the current approved amount is $555,610. The loan was approved on 01/20/2021 by The Rayne State Bank & Trust Company reported 37 jobs and $555,610 was used to fund payroll.

Digital machining systems llc is Existing or more than 2 years old

PPP Loan Search / LA / Duson / Digital machining systems llc

DIGITAL MACHINING SYSTEMS LLC

Date Approved

01/20/2021

SBA Office Code

0679

Processing Method

PPS

Borrower Name

DIGITAL MACHINING SYSTEMS LLC

Borrower Address

929 Ridge Rd

Borrower City

Duson

Borrower State

LA

Borrower Zip

70529-4318

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

555610.00

Current Approval Amount

555610.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29256

Servicing Lender Name

Rayne State Bank & Trust Company

Servicing Lender Address

200 S Adams Ave

Servicing Lender City

RAYNE

Servicing Lender State

LA

Servicing Lender Zip

70578-5836

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Duson

Project County Name

LAFAYETTE

Project State

LA

Project Zip

70529-4318

CD

LA-03

Jobs Reported

37

NAICS Code

332710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

555605.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

29256

Originating Lender

Rayne State Bank & Trust Company

Originating Lender City

RAYNE

Originating Lender State

LA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

562916.65

Forgiveness Date

05/18/2022

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