PPP Loan information for Industrial welding supply, inc

$491,330

Industrial welding supply, inc was initially approved for PPP Loan of amount $491,330, the current approved amount is $491,330. The loan was approved on 04/09/2020 by The People's Bank of Commerce reported 49 jobs and $491,330 was used to fund payroll.

Industrial welding supply, inc is Existing or more than 2 years old

PPP Loan Search / OR / SALEM / Industrial welding supply, inc

INDUSTRIAL WELDING SUPPLY, INC

Date Approved

04/09/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

INDUSTRIAL WELDING SUPPLY, INC

Borrower Address

1995 COMMERCIAL ST NE

Borrower City

SALEM

Borrower State

OR

Borrower Zip

97301-0710

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

491330.00

Current Approval Amount

491330.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122606

Servicing Lender Name

People's Bank of Commerce

Servicing Lender Address

1311 E Barnett Rd

Servicing Lender City

Medford

Servicing Lender State

OR

Servicing Lender Zip

97504

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SALEM

Project County Name

MARION

Project State

OR

Project Zip

97301-0710

CD

OR-05

Jobs Reported

49

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

33420.00

Payroll Proceed

441820.00

Mortgage Interest Proceed

0.00

Rent Proceed

16090.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

122606

Originating Lender

People's Bank of Commerce

Originating Lender City

Medford

Originating Lender State

OR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

496943.28

Forgiveness Date

06/09/2021

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