PPP Loan information for Mbi distributing inc.

$271,500

Mbi distributing inc. was initially approved for PPP Loan of amount $271,500, the current approved amount is $271,500. The loan was approved on 04/14/2020 by The Customers Bank reported 19 jobs and $271,500 was used to fund payroll.

Mbi distributing inc. is Existing or more than 2 years old

PPP Loan Search / UT / Lindon / Mbi distributing inc.

MBI DISTRIBUTING INC.

Date Approved

04/14/2020

SBA Office Code

0883

Processing Method

PPP

Borrower Name

MBI DISTRIBUTING INC.

Borrower Address

211 North 1800 West Street

Borrower City

Lindon

Borrower State

UT

Borrower Zip

84042

Loan Status Date

02/11/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

271500.00

Current Approval Amount

271500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Lindon

Project County Name

UTAH

Project State

UT

Project Zip

84042-1100

CD

UT-03

Jobs Reported

19

NAICS Code

453998

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

271500.00

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

Sole Proprietorship

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

275925.82

Forgiveness Date

01/04/2022

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