PPP Loan information for Industrial motions engineering inc

$51,300

Industrial motions engineering inc was initially approved for PPP Loan of amount $51,300, the current approved amount is $51,300. The loan was approved on 03/02/2021 by The StonehamBank reported 5 jobs and $51,300 was used to fund payroll.

Industrial motions engineering inc is Existing or more than 2 years old

PPP Loan Search / MA / Wilmington / Industrial motions engineering inc

INDUSTRIAL MOTIONS ENGINEERING INC

Date Approved

03/02/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

INDUSTRIAL MOTIONS ENGINEERING INC

Borrower Address

16 Upton Dr Unit 6

Borrower City

Wilmington

Borrower State

MA

Borrower Zip

01887-1041

Loan Status Date

04/13/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

51300.00

Current Approval Amount

51300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89298

Servicing Lender Name

StonehamBank

Servicing Lender Address

80 Montvale Ave

Servicing Lender City

STONEHAM

Servicing Lender State

MA

Servicing Lender Zip

02180-2893

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wilmington

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01887-1041

CD

MA-06

Jobs Reported

5

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

51294.00

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

Corporation

Originating Lender Location Id

89298

Originating Lender

StonehamBank

Originating Lender City

STONEHAM

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

51513.75

Forgiveness Date

08/09/2021

;