PPP Loan information for Material distributors inc

$455,000

Material distributors inc was initially approved for PPP Loan of amount $455,000, the current approved amount is $455,000. The loan was approved on 04/15/2020 by The Bank of America, National Association reported 25 jobs and $455,000 was used to fund payroll.

Material distributors inc is Unanswered

PPP Loan Search / PA / BALA CYNWYD / Material distributors inc

MATERIAL DISTRIBUTORS INC

Date Approved

04/15/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

MATERIAL DISTRIBUTORS INC

Borrower Address

8 Cynwyd Rd

Borrower City

BALA CYNWYD

Borrower State

PA

Borrower Zip

19004-3345

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

455000.00

Current Approval Amount

455000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Unanswered

Project City

BALA CYNWYD

Project County Name

MONTGOMERY

Project State

PA

Project Zip

19004-3345

CD

PA-04

Jobs Reported

25

NAICS Code

423390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

455000.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

459325.62

Forgiveness Date

03/31/2021

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