PPP Loan information for Champions machine tool sales, inc.

$587,000

Champions machine tool sales, inc. was initially approved for PPP Loan of amount $587,000, the current approved amount is $587,000. The loan was approved on 04/11/2020 by The Independent Bank reported 39 jobs and $587,000 was used to fund payroll.

Champions machine tool sales, inc. is Existing or more than 2 years old

PPP Loan Search / TX / SPRING / Champions machine tool sales, inc.

CHAMPIONS MACHINE TOOL SALES, INC.

Date Approved

04/11/2020

SBA Office Code

0671

Processing Method

PPP

Borrower Name

CHAMPIONS MACHINE TOOL SALES, INC.

Borrower Address

1151 E. CYPRESSWOOD DR

Borrower City

SPRING

Borrower State

TX

Borrower Zip

77373-3041

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

587000.00

Current Approval Amount

587000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

68987

Servicing Lender Name

Independent Bank

Servicing Lender Address

3090 Craig Dr

Servicing Lender City

MCKINNEY

Servicing Lender State

TX

Servicing Lender Zip

75070-4352

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPRING

Project County Name

HARRIS

Project State

TX

Project Zip

77373-3041

CD

TX-02

Jobs Reported

39

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

15000.00

Payroll Proceed

512000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

60000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

68987

Originating Lender

Independent Bank

Originating Lender City

MCKINNEY

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

591679.69

Forgiveness Date

02/03/2021

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