PPP Loan information for Mechanical degrees inc.

$302,140

Mechanical degrees inc. was initially approved for PPP Loan of amount $302,140, the current approved amount is $302,140. The loan was approved on 04/28/2020 by The Loan Source Incorporated reported 11 jobs and $302,140 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

04/28/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MECHANICAL DEGREES INC.

Borrower Address

26 Worlds Fair Drive - Unit D

Borrower City

Somerset

Borrower State

NJ

Borrower Zip

08873

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

302140.00

Current Approval Amount

302140.00

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

08873-1000

CD

NJ-12

Jobs Reported

11

NAICS Code

238220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

302140.00

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

434162

Originating Lender

Citizens Bank, National Association

Originating Lender City

PROVIDENCE

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

305318.68

Forgiveness Date

05/21/2021

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