PPP Loan information for Progress machine inc

$242,034

Progress machine inc was initially approved for PPP Loan of amount $242,034, the current approved amount is $242,034. The loan was approved on 03/20/2021 by The M C Bank & Trust Co. reported 16 jobs and $242,034 was used to fund payroll.

Progress machine inc is Existing or more than 2 years old

PPP Loan Search / LA / Morgan City / Progress machine inc

PROGRESS MACHINE INC

Date Approved

03/20/2021

SBA Office Code

0679

Processing Method

PPS

Borrower Name

PROGRESS MACHINE INC

Borrower Address

9622 Business Hwy 90 East

Borrower City

Morgan City

Borrower State

LA

Borrower Zip

70380

Loan Status Date

07/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

242034.00

Current Approval Amount

242034.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

28707

Servicing Lender Name

M C Bank & Trust Co.

Servicing Lender Address

1201 Brashear Ave

Servicing Lender City

MORGAN CITY

Servicing Lender State

LA

Servicing Lender Zip

70380-1361

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Morgan City

Project County Name

SAINT MARY

Project State

LA

Project Zip

70380

CD

LA-03

Jobs Reported

16

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

242032.00

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

28707

Originating Lender

M C Bank & Trust Co.

Originating Lender City

MORGAN CITY

Originating Lender State

LA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

245079.59

Forgiveness Date

06/23/2022

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