PPP Loan information for Dowco power transmission products, inc.

Date Approved

04/07/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

DOWCO POWER TRANSMISSION PRODUCTS, INC.

Borrower Address

1491 WALKUP AVE

Borrower City

MONROE

Borrower State

NC

Borrower Zip

28110-3523

Loan Status Date

10/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

118000.00

Current Approval Amount

118000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

525602

Servicing Lender Name

American Bank of the Carolinas d/b/a American Bank

Servicing Lender Address

3302-A W Hwy 74

Servicing Lender City

MONROE

Servicing Lender State

NC

Servicing Lender Zip

28110

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MONROE

Project County Name

UNION

Project State

NC

Project Zip

28110-3523

CD

NC-08

Jobs Reported

9

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

118000.00

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

525602

Originating Lender

American Bank of the Carolinas d/b/a American Bank

Originating Lender City

MONROE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

117848.86

Forgiveness Date

11/10/2020