PPP Loan information for Mechanical equipment, inc.

$165,738

Mechanical equipment, inc. was initially approved for PPP Loan of amount $165,738, the current approved amount is $165,738. The loan was approved on 04/08/2020 by The Community National Bank reported 11 jobs and $165,738 was used to fund payroll.

Mechanical equipment, inc. is Existing or more than 2 years old

PPP Loan Search / TX / MIDLAND / Mechanical equipment, inc.

MECHANICAL EQUIPMENT, INC.

Date Approved

04/08/2020

SBA Office Code

0678

Processing Method

PPP

Borrower Name

MECHANICAL EQUIPMENT, INC.

Borrower Address

2525 E. INTERSTATE 20

Borrower City

MIDLAND

Borrower State

TX

Borrower Zip

79701-2000

Loan Status Date

05/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

165738.20

Current Approval Amount

165738.20

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71446

Servicing Lender Name

Community National Bank

Servicing Lender Address

500 W Illinios Ave

Servicing Lender City

MIDLAND

Servicing Lender State

TX

Servicing Lender Zip

79701-4234

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MIDLAND

Project County Name

MIDLAND

Project State

TX

Project Zip

79701-2000

CD

TX-11

Jobs Reported

11

NAICS Code

213112

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

165738.20

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

71446

Originating Lender

Community National Bank

Originating Lender City

MIDLAND

Originating Lender State

TX

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

167409.39

Forgiveness Date

04/19/2021

;