PPP Loan information for Mechanical technology inc.

$232,700

Mechanical technology inc. was initially approved for PPP Loan of amount $232,700, the current approved amount is $232,700. The loan was approved on 01/22/2021 by The The Yellowstone Bank reported 15 jobs and $232,700 was used to fund payroll.

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

PPP Loan Search / MT / Billings / Mechanical technology inc.

MECHANICAL TECHNOLOGY INC.

Date Approved

01/22/2021

SBA Office Code

0885

Processing Method

PPS

Borrower Name

MECHANICAL TECHNOLOGY INC.

Borrower Address

815 Cerise Rd

Borrower City

Billings

Borrower State

MT

Borrower Zip

59101-7374

Loan Status Date

12/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

232700.00

Current Approval Amount

232700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

41949

Servicing Lender Name

The Yellowstone Bank

Servicing Lender Address

12 1st Ave

Servicing Lender City

LAUREL

Servicing Lender State

MT

Servicing Lender Zip

59044-3102

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Billings

Project County Name

YELLOWSTONE

Project State

MT

Project Zip

59101-7374

CD

MT-02

Jobs Reported

15

NAICS Code

333415

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

232699.00

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

41949

Originating Lender

The Yellowstone Bank

Originating Lender City

LAUREL

Originating Lender State

MT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

234567.98

Forgiveness Date

11/16/2021

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