PPP Loan information for Bearing & drive systems inc

$539,900

Bearing & drive systems inc was initially approved for PPP Loan of amount $539,900, the current approved amount is $539,900. The loan was approved on 04/11/2020 by The The Huntington National Bank reported 55 jobs and $539,900 was used to fund payroll.

Bearing & drive systems inc is Existing or more than 2 years old

PPP Loan Search / OH / STRONGSVILLE / Bearing & drive systems inc

BEARING & DRIVE SYSTEMS INC

Date Approved

04/11/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

BEARING & DRIVE SYSTEMS INC

Borrower Address

15157 Foltz Parkway

Borrower City

STRONGSVILLE

Borrower State

OH

Borrower Zip

44149-4725

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

539900.00

Current Approval Amount

539900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STRONGSVILLE

Project County Name

CUYAHOGA

Project State

OH

Project Zip

44149-4725

CD

OH-07

Jobs Reported

55

NAICS Code

423840

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

539900.00

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

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

544929.21

Forgiveness Date

03/30/2021

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