PPP Loan information for Engineered mechanical systems inc

$1,205,797

Engineered mechanical systems inc was initially approved for PPP Loan of amount $1,205,797, the current approved amount is $1,205,797. The loan was approved on 04/07/2020 by The First Horizon Bank reported 85 jobs and $1,205,797 was used to fund payroll.

Engineered mechanical systems inc is Existing or more than 2 years old

PPP Loan Search / TN / CHATTANOOGA / Engineered mechanical systems inc

ENGINEERED MECHANICAL SYSTEMS INC

Date Approved

04/07/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

ENGINEERED MECHANICAL SYSTEMS INC

Borrower Address

118 PARMENAS LANE

Borrower City

CHATTANOOGA

Borrower State

TN

Borrower Zip

37405-2623

Loan Status Date

05/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1205797.00

Current Approval Amount

1205797.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHATTANOOGA

Project County Name

HAMILTON

Project State

TN

Project Zip

37405-2623

CD

TN-03

Jobs Reported

85

NAICS Code

332313

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

47000.00

Payroll Proceed

1108331.00

Mortgage Interest Proceed

0.00

Rent Proceed

34438.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

16028

Business Type

Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1216649.17

Forgiveness Date

03/11/2021

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