PPP Loan information for Lm power systems inc

$17,808

Lm power systems inc was initially approved for PPP Loan of amount $17,808, the current approved amount is $17,808. The loan was approved on 02/13/2021 by The New Valley Bank & Trust reported 2 jobs and $17,808 was used to fund payroll.

Lm power systems inc is Existing or more than 2 years old

PPP Loan Search / MA / Wilbraham / Lm power systems inc

LM POWER SYSTEMS INC

Date Approved

02/13/2021

SBA Office Code

0130

Processing Method

PPS

Borrower Name

LM POWER SYSTEMS INC

Borrower Address

2 Crane Park Dr

Borrower City

Wilbraham

Borrower State

MA

Borrower Zip

01095-1741

Loan Status Date

04/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

17808.33

Current Approval Amount

17808.33

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

526572

Servicing Lender Name

New Valley Bank & Trust

Servicing Lender Address

One Monarch Place Suite 910

Servicing Lender City

Springfield

Servicing Lender State

MA

Servicing Lender Zip

01144

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wilbraham

Project County Name

HAMPDEN

Project State

MA

Project Zip

01095-1741

CD

MA-01

Jobs Reported

2

NAICS Code

336412

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

17807.33

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

526572

Originating Lender

New Valley Bank & Trust

Originating Lender City

Springfield

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

18002.51

Forgiveness Date

03/29/2022

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