PPP Loan information for Innovative combustion technologies inc

$346,609

Innovative combustion technologies inc was initially approved for PPP Loan of amount $346,609, the current approved amount is $346,609. The loan was approved on 01/23/2021 by The ServisFirst Bank reported 18 jobs and $346,609 was used to fund payroll.

Innovative combustion technologies inc is Existing or more than 2 years old

PPP Loan Search / AL / Pelham / Innovative combustion technologies inc

INNOVATIVE COMBUSTION TECHNOLOGIES INC

Date Approved

01/23/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

INNOVATIVE COMBUSTION TECHNOLOGIES INC

Borrower Address

10 Commerce Dr

Borrower City

Pelham

Borrower State

AL

Borrower Zip

35124-1847

Loan Status Date

03/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

346609.00

Current Approval Amount

346609.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434138

Servicing Lender Name

ServisFirst Bank

Servicing Lender Address

2500 Woodcrest Place

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35209-1374

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Pelham

Project County Name

SHELBY

Project State

AL

Project Zip

35124-1847

CD

AL-06

Jobs Reported

18

NAICS Code

541990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

346607.00

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

434138

Originating Lender

ServisFirst Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

350383.19

Forgiveness Date

02/23/2022

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