PPP Loan information for Innovative motion solutions, inc.

$16,250

Innovative motion solutions, inc. was initially approved for PPP Loan of amount $16,250, the current approved amount is $16,250. The loan was approved on 05/18/2021 by The QNB Bank reported 2 jobs and $16,250 was used to fund payroll.

Innovative motion solutions, inc. is Existing or more than 2 years old

PPP Loan Search / PA / Quakertown / Innovative motion solutions, inc.

INNOVATIVE MOTION SOLUTIONS, INC.

Date Approved

05/18/2021

SBA Office Code

0303

Processing Method

PPS

Borrower Name

INNOVATIVE MOTION SOLUTIONS, INC.

Borrower Address

2355 Milford Square Pike

Borrower City

Quakertown

Borrower State

PA

Borrower Zip

18951-2232

Loan Status Date

02/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

16250.00

Current Approval Amount

16250.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

62342

Servicing Lender Name

QNB Bank

Servicing Lender Address

15 N Third St

Servicing Lender City

QUAKERTOWN

Servicing Lender State

PA

Servicing Lender Zip

18951-1376

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Quakertown

Project County Name

BUCKS

Project State

PA

Project Zip

18951-2232

CD

PA-01

Jobs Reported

2

NAICS Code

333519

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

16248.00

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

Subchapter S Corporation

Originating Lender Location Id

62342

Originating Lender

QNB Bank

Originating Lender City

QUAKERTOWN

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

16357.74

Forgiveness Date

01/19/2022

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