PPP Loan information for Mechanisms, inc.

$205,508

Mechanisms, inc. was initially approved for PPP Loan of amount $205,508, the current approved amount is $205,508. The loan was approved on 04/28/2020 by The Century Next Bank reported 19 jobs and $205,508 was used to fund payroll.

Mechanisms, inc. is Existing or more than 2 years old

PPP Loan Search / AR / Crossett / Mechanisms, inc.

MECHANISMS, INC.

Date Approved

04/28/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

MECHANISMS, INC.

Borrower Address

102 N Texas St

Borrower City

Crossett

Borrower State

AR

Borrower Zip

71635

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

205507.50

Current Approval Amount

205507.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

82860

Servicing Lender Name

Century Next Bank

Servicing Lender Address

505 N Vienna St

Servicing Lender City

RUSTON

Servicing Lender State

LA

Servicing Lender Zip

71270-3813

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Crossett

Project County Name

ASHLEY

Project State

AR

Project Zip

71635-0001

CD

AR-04

Jobs Reported

19

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

205507.50

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

82860

Originating Lender

Century Next Bank

Originating Lender City

RUSTON

Originating Lender State

LA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

196550.21

Forgiveness Date

11/09/2020

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