PPP Loan information for Traxion inc

$153,800

Traxion inc was initially approved for PPP Loan of amount $153,800, the current approved amount is $153,800. The loan was approved on 04/08/2020 by The The First National Bank of Fort Smith reported 16 jobs and $153,800 was used to fund payroll.

Traxion inc is Existing or more than 2 years old

PPP Loan Search / AR / VAN BUREN / Traxion inc

TRAXION INC

Date Approved

04/08/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

TRAXION INC

Borrower Address

517 South 28th Street

Borrower City

VAN BUREN

Borrower State

AR

Borrower Zip

72956-6119

Loan Status Date

04/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

153800.00

Current Approval Amount

153800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4322

Servicing Lender Name

The First National Bank of Fort Smith

Servicing Lender Address

602 Garrison Ave

Servicing Lender City

FORT SMITH

Servicing Lender State

AR

Servicing Lender Zip

72901-2519

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

VAN BUREN

Project County Name

CRAWFORD

Project State

AR

Project Zip

72956-6119

CD

AR-03

Jobs Reported

16

NAICS Code

423120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

12816.67

Payroll Proceed

115350.00

Mortgage Interest Proceed

12816.67

Rent Proceed

12816.66

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

4322

Originating Lender

The First National Bank of Fort Smith

Originating Lender City

FORT SMITH

Originating Lender State

AR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

155249.51

Forgiveness Date

03/29/2021

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