PPP Loan information for Mechanical degrees inc.

$208,567

Mechanical degrees inc. was initially approved for PPP Loan of amount $208,567, the current approved amount is $208,567. The loan was approved on 05/21/2021 by The Loan Source Incorporated reported 8 jobs and $208,567 was used to fund payroll.

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

PPP Loan Search / NJ / Somerset / Mechanical degrees inc.

MECHANICAL DEGREES INC.

Date Approved

05/21/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

MECHANICAL DEGREES INC.

Borrower Address

26 Worlds Fair Dr Ste D

Borrower City

Somerset

Borrower State

NJ

Borrower Zip

08873-1359

Loan Status Date

03/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

208567.00

Current Approval Amount

208567.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Somerset

Project County Name

SOMERSET

Project State

NJ

Project Zip

08873-1359

CD

NJ-12

Jobs Reported

8

NAICS Code

238220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

208564.00

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

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

210041.25

Forgiveness Date

02/17/2022

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