PPP Loan information for Mechanical development company incorporated

$313,800

Mechanical development company incorporated was initially approved for PPP Loan of amount $313,800, the current approved amount is $313,800. The loan was approved on 04/09/2020 by The Truist Bank reported 37 jobs and $313,800 was used to fund payroll.

Mechanical development company incorporated is Existing or more than 2 years old

PPP Loan Search / VA / SALEM / Mechanical development company incorporated

MECHANICAL DEVELOPMENT COMPANY INCORPORATED

Date Approved

04/09/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MECHANICAL DEVELOPMENT COMPANY INCORPORATED

Borrower Address

303 APPERSON DR

Borrower City

SALEM

Borrower State

VA

Borrower Zip

24153-6914

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

313800.00

Current Approval Amount

313800.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SALEM

Project County Name

SALEM

Project State

VA

Project Zip

24153-6914

CD

VA-06

Jobs Reported

37

NAICS Code

332216

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

313800.00

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

Unanswered

Non Profit

Forgiveness Amount

315883.28

Forgiveness Date

12/18/2020

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