PPP Loan information for Mechanical drive components inc

$71,700

Mechanical drive components inc was initially approved for PPP Loan of amount $71,700, the current approved amount is $71,700. The loan was approved on 04/06/2020 by The Monson Savings Bank reported 9 jobs and $71,700 was used to fund payroll.

Mechanical drive components inc is Existing or more than 2 years old

PPP Loan Search / MA / CHICOPEE / Mechanical drive components inc

MECHANICAL DRIVE COMPONENTS INC

Date Approved

04/06/2020

SBA Office Code

0130

Processing Method

PPP

Borrower Name

MECHANICAL DRIVE COMPONENTS INC

Borrower Address

317 MEADOW ST

Borrower City

CHICOPEE

Borrower State

MA

Borrower Zip

01013-2235

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

71700.00

Current Approval Amount

71700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33102

Servicing Lender Name

Monson Savings Bank

Servicing Lender Address

146 Main St

Servicing Lender City

MONSON

Servicing Lender State

MA

Servicing Lender Zip

01057-1317

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CHICOPEE

Project County Name

HAMPDEN

Project State

MA

Project Zip

01013-2235

CD

MA-01

Jobs Reported

9

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

71700.00

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

33102

Originating Lender

Monson Savings Bank

Originating Lender City

MONSON

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

72046.55

Forgiveness Date

10/08/2020

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