PPP Loan information for Material handling systems inc

$522,597

Material handling systems inc was initially approved for PPP Loan of amount $522,597, the current approved amount is $522,597. The loan was approved on 04/24/2021 by The Truist Bank reported 51 jobs and $522,597 was used to fund payroll.

Material handling systems inc is Existing or more than 2 years old

PPP Loan Search / FL / Pompano Beach / Material handling systems inc

MATERIAL HANDLING SYSTEMS INC

Date Approved

04/24/2021

SBA Office Code

0455

Processing Method

PPS

Borrower Name

MATERIAL HANDLING SYSTEMS INC

Borrower Address

2741 NE 4th Ave

Borrower City

Pompano Beach

Borrower State

FL

Borrower Zip

33064-5407

Loan Status Date

08/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

522597.00

Current Approval Amount

522597.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Pompano Beach

Project County Name

BROWARD

Project State

FL

Project Zip

33064-5407

CD

FL-23

Jobs Reported

51

NAICS Code

333923

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

522592.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

528810.10

Forgiveness Date

07/05/2022

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