PPP Loan information for Med-el corporation

$2,000,000

Med-el corporation was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/30/2021 by The Bank of America, National Association reported 162 jobs and $2,000,000 was used to fund payroll.

Med-el corporation is Existing or more than 2 years old

PPP Loan Search / NC / Durham / Med-el corporation

MED-EL CORPORATION

Date Approved

01/30/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

MED-EL CORPORATION

Borrower Address

2645 Meridian Pkwy Ste 100

Borrower City

Durham

Borrower State

NC

Borrower Zip

27713-4232

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Durham

Project County Name

DURHAM

Project State

NC

Project Zip

27713-4232

CD

NC-04

Jobs Reported

162

NAICS Code

339113

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2000000.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2017315.07

Forgiveness Date

12/15/2021

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