PPP Loan information for Mechanical technology, inc

$202,200

Mechanical technology, inc was initially approved for PPP Loan of amount $202,200, the current approved amount is $202,200. The loan was approved on 04/13/2020 by The The Yellowstone Bank reported 11 jobs and $202,200 was used to fund payroll.

Mechanical technology, inc is New Business or 2 years or less

PPP Loan Search / MT / BILLINGS / Mechanical technology, inc

MECHANICAL TECHNOLOGY, INC

Date Approved

04/13/2020

SBA Office Code

0885

Processing Method

PPP

Borrower Name

MECHANICAL TECHNOLOGY, INC

Borrower Address

815 CERISE RD

Borrower City

BILLINGS

Borrower State

MT

Borrower Zip

59101-7374

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

202200.00

Current Approval Amount

202200.00

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

New Business or 2 years or less

Project City

BILLINGS

Project County Name

YELLOWSTONE

Project State

MT

Project Zip

59101-7374

CD

MT-02

Jobs Reported

11

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

202200.00

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

203330.10

Forgiveness Date

11/05/2020

;