PPP Loan information for Material systems inc.

$200,000

Material systems inc. was initially approved for PPP Loan of amount $200,000, the current approved amount is $200,000. The loan was approved on 02/22/2021 by The Customers Bank reported 24 jobs and $200,000 was used to fund payroll.

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

PPP Loan Search / AL / Childersburg / Material systems inc.

MATERIAL SYSTEMS INC.

Date Approved

02/22/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

MATERIAL SYSTEMS INC.

Borrower Address

150 Hollywood Blvd N/A

Borrower City

Childersburg

Borrower State

AL

Borrower Zip

35044-1052

Loan Status Date

04/23/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

200000.00

Current Approval Amount

200000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Childersburg

Project County Name

TALLADEGA

Project State

AL

Project Zip

35044-1052

CD

AL-03

Jobs Reported

24

NAICS Code

332439

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

199995.00

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

Subchapter S Corporation

Originating Lender Location Id

121536

Originating Lender

Customers Bank

Originating Lender City

Malvern

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

202060.27

Forgiveness Date

03/17/2022

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