PPP Loan information for Precision machine & welding inc.

$175,000

Precision machine & welding inc. was initially approved for PPP Loan of amount $175,000, the current approved amount is $175,000. The loan was approved on 02/23/2021 by The Apex Bank reported 24 jobs and $175,000 was used to fund payroll.

Precision machine & welding inc. is Existing or more than 2 years old

PPP Loan Search / TN / Afton / Precision machine & welding inc.

PRECISION MACHINE & WELDING INC.

Date Approved

02/23/2021

SBA Office Code

0474

Processing Method

PPS

Borrower Name

PRECISION MACHINE & WELDING INC.

Borrower Address

175 Holder Rd

Borrower City

Afton

Borrower State

TN

Borrower Zip

37616-5341

Loan Status Date

10/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

175000.00

Current Approval Amount

175000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66850

Servicing Lender Name

Apex Bank

Servicing Lender Address

180 Hwy 641 N

Servicing Lender City

CAMDEN

Servicing Lender State

TN

Servicing Lender Zip

38320-1328

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Afton

Project County Name

GREENE

Project State

TN

Project Zip

37616-5341

CD

TN-01

Jobs Reported

24

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

174998.00

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

66850

Originating Lender

Apex Bank

Originating Lender City

CAMDEN

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

175944.52

Forgiveness Date

09/10/2021

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