PPP Loan information for Bearings & drives unlimited inc.

$1,632,300

Bearings & drives unlimited inc. was initially approved for PPP Loan of amount $1,632,300, the current approved amount is $1,632,300. The loan was approved on 04/11/2020 by The Univest Bank and Trust Co. reported 155 jobs and $1,632,300 was used to fund payroll.

Bearings & drives unlimited inc. is Existing or more than 2 years old

PPP Loan Search / PA / SOUDERTON / Bearings & drives unlimited inc.

BEARINGS & DRIVES UNLIMITED INC.

Date Approved

04/11/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

BEARINGS & DRIVES UNLIMITED INC.

Borrower Address

3443 Bethlehem Pike

Borrower City

SOUDERTON

Borrower State

PA

Borrower Zip

18964-1031

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1632300.00

Current Approval Amount

1632300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65350

Servicing Lender Name

Univest Bank and Trust Co.

Servicing Lender Address

14 N Main St

Servicing Lender City

SOUDERTON

Servicing Lender State

PA

Servicing Lender Zip

18964-1713

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOUDERTON

Project County Name

MONTGOMERY

Project State

PA

Project Zip

18964-1031

CD

PA-01

Jobs Reported

155

NAICS Code

423850

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1632300.00

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

65350

Originating Lender

Univest Bank and Trust Co.

Originating Lender City

SOUDERTON

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1641646.59

Forgiveness Date

11/17/2020

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