PPP Loan information for Industrial motor power corporation

$415,000

Industrial motor power corporation was initially approved for PPP Loan of amount $415,000, the current approved amount is $415,000. The loan was approved on 04/13/2020 by The BMO Harris Bank National Association reported 15 jobs and $415,000 was used to fund payroll.

Industrial motor power corporation is Existing or more than 2 years old

PPP Loan Search / CA / BURBANK / Industrial motor power corporation

INDUSTRIAL MOTOR POWER CORPORATION

Date Approved

04/13/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

INDUSTRIAL MOTOR POWER CORPORATION

Borrower Address

GLENOAKS BLVD

Borrower City

BURBANK

Borrower State

CA

Borrower Zip

91502-1104

Loan Status Date

02/01/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

415000.00

Current Approval Amount

415000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21442

Servicing Lender Name

BMO Harris Bank National Association

Servicing Lender Address

111 W Monroe St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-4096

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BURBANK

Project County Name

LOS ANGELES

Project State

CA

Project Zip

91502-1104

CD

CA-30

Jobs Reported

15

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

415000.00

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

21442

Originating Lender

BMO Harris Bank National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

419553.47

Forgiveness Date

05/21/2021

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