PPP Loan information for Economy transmission, inc.

$73,700

Economy transmission, inc. was initially approved for PPP Loan of amount $73,700, the current approved amount is $73,700. The loan was approved on 04/07/2020 by The Commercial Bank of Texas, N.A. reported 7 jobs and $73,700 was used to fund payroll.

Economy transmission, inc. is Existing or more than 2 years old

PPP Loan Search / TX / MCKINNEY / Economy transmission, inc.

ECONOMY TRANSMISSION, INC.

Date Approved

04/07/2020

SBA Office Code

0610

Processing Method

PPP

Borrower Name

ECONOMY TRANSMISSION, INC.

Borrower Address

1450 South McDonald Street

Borrower City

MCKINNEY

Borrower State

TX

Borrower Zip

75069-7118

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

73700.00

Current Approval Amount

73700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71501

Servicing Lender Name

Commercial Bank of Texas, N.A.

Servicing Lender Address

215 E Main St

Servicing Lender City

NACOGDOCHES

Servicing Lender State

TX

Servicing Lender Zip

75961-5257

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MCKINNEY

Project County Name

COLLIN

Project State

TX

Project Zip

75069-7118

CD

TX-03

Jobs Reported

7

NAICS Code

811113

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

59000.00

Mortgage Interest Proceed

0.00

Rent Proceed

14700.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

71501

Originating Lender

Commercial Bank of Texas, N.A.

Originating Lender City

NACOGDOCHES

Originating Lender State

TX

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

74261.33

Forgiveness Date

01/14/2021

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