PPP Loan information for Industrial power inc

$246,280

Industrial power inc was initially approved for PPP Loan of amount $246,280, the current approved amount is $246,280. The loan was approved on 02/24/2021 by The Truist Bank reported 21 jobs and $246,280 was used to fund payroll.

Industrial power inc is Existing or more than 2 years old

PPP Loan Search / NC / Fayetteville / Industrial power inc

INDUSTRIAL POWER INC

Date Approved

02/24/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

INDUSTRIAL POWER INC

Borrower Address

703 Whitfield St

Borrower City

Fayetteville

Borrower State

NC

Borrower Zip

28306-1617

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

246280.00

Current Approval Amount

246280.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Fayetteville

Project County Name

CUMBERLAND

Project State

NC

Project Zip

28306-1617

CD

NC-07

Jobs Reported

21

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

246277.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

248462.31

Forgiveness Date

01/18/2022

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