PPP Loan information for Electric machine control inc

$242,100

Electric machine control inc was initially approved for PPP Loan of amount $242,100, the current approved amount is $242,100. The loan was approved on 04/05/2020 by The Oakworth Capital Bank reported 16 jobs and $242,100 was used to fund payroll.

Electric machine control inc is Existing or more than 2 years old

PPP Loan Search / AL / TRUSSVILLE / Electric machine control inc

ELECTRIC MACHINE CONTROL INC

Date Approved

04/05/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

ELECTRIC MACHINE CONTROL INC

Borrower Address

7015 HAISTEN DR

Borrower City

TRUSSVILLE

Borrower State

AL

Borrower Zip

35173-2510

Loan Status Date

06/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

242100.00

Current Approval Amount

242100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

455251

Servicing Lender Name

Oakworth Capital Bank

Servicing Lender Address

850 Shades Creek Pkwy

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35209-4460

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TRUSSVILLE

Project County Name

JEFFERSON

Project State

AL

Project Zip

35173-2510

CD

AL-06

Jobs Reported

16

NAICS Code

335314

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

12105.00

Payroll Proceed

181575.00

Mortgage Interest Proceed

12105.00

Rent Proceed

12105.00

Refinance EIDL Proceed

0.00

Health Care Proceed

12105.00

Debt Interest Proceed

12105

Business Type

Subchapter S Corporation

Originating Lender Location Id

455251

Originating Lender

Oakworth Capital Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

243512.25

Forgiveness Date

11/12/2020

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