PPP Loan information for Innovative engineering systems inc.

$2,000,000

Innovative engineering systems inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/19/2021 by The American Momentum Bank reported 159 jobs and $2,000,000 was used to fund payroll.

Innovative engineering systems inc. is Existing or more than 2 years old

PPP Loan Search / CA / Bakersfield / Innovative engineering systems inc.

INNOVATIVE ENGINEERING SYSTEMS INC.

Date Approved

02/19/2021

SBA Office Code

0942

Processing Method

PPS

Borrower Name

INNOVATIVE ENGINEERING SYSTEMS INC.

Borrower Address

8800 Crippen St

Borrower City

Bakersfield

Borrower State

CA

Borrower Zip

93311-9686

Loan Status Date

04/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

444341

Servicing Lender Name

American Momentum Bank

Servicing Lender Address

1 Momentum Blvd

Servicing Lender City

COLLEGE STATION

Servicing Lender State

TX

Servicing Lender Zip

77845-6199

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bakersfield

Project County Name

KERN

Project State

CA

Project Zip

93311-9686

CD

CA-20

Jobs Reported

159

NAICS Code

541330

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1999995.00

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

444341

Originating Lender

American Momentum Bank

Originating Lender City

COLLEGE STATION

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2021111.11

Forgiveness Date

03/11/2022

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