PPP Loan information for Motion control systems

$499,883

Motion control systems was initially approved for PPP Loan of amount $499,883, the current approved amount is $499,883. The loan was approved on 02/25/2021 by The Truist Bank reported 50 jobs and $499,883 was used to fund payroll.

Motion control systems is Existing or more than 2 years old

PPP Loan Search / VA / Radford / Motion control systems

MOTION CONTROL SYSTEMS

Date Approved

02/25/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

MOTION CONTROL SYSTEMS

Borrower Address

6701 Viscoe Rd

Borrower City

Radford

Borrower State

VA

Borrower Zip

24141-6905

Loan Status Date

11/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

499883.00

Current Approval Amount

499883.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Radford

Project County Name

PULASKI

Project State

VA

Project Zip

24141-6905

CD

VA-09

Jobs Reported

50

NAICS Code

334419

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

499883.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

503132.24

Forgiveness Date

10/19/2021

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