PPP Loan information for Med-el corporation

$3,040,672

Med-el corporation was initially approved for PPP Loan of amount $3,040,672, the current approved amount is $3,040,672. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 162 jobs and $3,040,672 was used to fund payroll.

Med-el corporation is New Business or 2 years or less

PPP Loan Search / NC / Durham / Med-el corporation

MED-EL CORPORATION

Date Approved

05/01/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MED-EL CORPORATION

Borrower Address

2645 Meridian Pkwy Ste 100

Borrower City

Durham

Borrower State

NC

Borrower Zip

27713

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3040672.00

Current Approval Amount

3040672.00

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

Y

Business Age Description

New Business or 2 years or less

Project City

Durham

Project County Name

DURHAM

Project State

NC

Project Zip

27713-0001

CD

NC-04

Jobs Reported

162

NAICS Code

423450

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3040672.00

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

3074660.88

Forgiveness Date

06/15/2021

;