PPP Loan information for Mechanical advantage inc.

$273,100

Mechanical advantage inc. was initially approved for PPP Loan of amount $273,100, the current approved amount is $273,100. The loan was approved on 01/23/2021 by The First Bank reported 35 jobs and $273,100 was used to fund payroll.

Mechanical advantage inc. is Existing or more than 2 years old

PPP Loan Search / NC / Marshville / Mechanical advantage inc.

MECHANICAL ADVANTAGE INC.

Date Approved

01/23/2021

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MECHANICAL ADVANTAGE INC.

Borrower Address

7222 Lonnie Little Rd

Borrower City

Marshville

Borrower State

NC

Borrower Zip

28103-7673

Loan Status Date

08/04/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

273100.00

Current Approval Amount

273100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

51812

Servicing Lender Name

First Bank

Servicing Lender Address

205 SE Broad St

Servicing Lender City

SOUTHERN PINES

Servicing Lender State

NC

Servicing Lender Zip

28387-6106

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Marshville

Project County Name

UNION

Project State

NC

Project Zip

28103-7673

CD

NC-08

Jobs Reported

35

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

273100.00

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

51812

Originating Lender

First Bank

Originating Lender City

SOUTHERN PINES

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

276953.74

Forgiveness Date

07/05/2022

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