PPP Loan information for Power drive systems inc

$155,894

Power drive systems inc was initially approved for PPP Loan of amount $155,894, the current approved amount is $155,894. The loan was approved on 01/19/2021 by The County National Bank reported 10 jobs and $155,894 was used to fund payroll.

Power drive systems inc is Existing or more than 2 years old

PPP Loan Search / MI / Jackson / Power drive systems inc

POWER DRIVE SYSTEMS INC

Date Approved

01/19/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

POWER DRIVE SYSTEMS INC

Borrower Address

2727 Saradan Dr

Borrower City

Jackson

Borrower State

MI

Borrower Zip

49202-1215

Loan Status Date

05/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

155894.00

Current Approval Amount

155894.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35318

Servicing Lender Name

County National Bank

Servicing Lender Address

One S Howell St

Servicing Lender City

HILLSDALE

Servicing Lender State

MI

Servicing Lender Zip

49242-1811

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Jackson

Project County Name

JACKSON

Project State

MI

Project Zip

49202-1215

CD

MI-05

Jobs Reported

10

NAICS Code

423850

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

155888.00

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

35318

Originating Lender

County National Bank

Originating Lender City

HILLSDALE

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

157370.66

Forgiveness Date

01/06/2022

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