PPP Loan information for Motors, drives & controls, inc.

$157,000

Motors, drives & controls, inc. was initially approved for PPP Loan of amount $157,000, the current approved amount is $157,000. The loan was approved on 04/06/2020 by The Univest Bank and Trust Co. reported 11 jobs and $157,000 was used to fund payroll.

Motors, drives & controls, inc. is Existing or more than 2 years old

PPP Loan Search / PA / HATFIELD / Motors, drives & controls, inc.

MOTORS, DRIVES & CONTROLS, INC.

Date Approved

04/06/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

MOTORS, DRIVES & CONTROLS, INC.

Borrower Address

2398 NORTH PENN RD

Borrower City

HATFIELD

Borrower State

PA

Borrower Zip

19440-1907

Loan Status Date

01/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

157000.00

Current Approval Amount

157000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65350

Servicing Lender Name

Univest Bank and Trust Co.

Servicing Lender Address

14 N Main St

Servicing Lender City

SOUDERTON

Servicing Lender State

PA

Servicing Lender Zip

18964-1713

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HATFIELD

Project County Name

MONTGOMERY

Project State

PA

Project Zip

19440-1907

CD

PA-01

Jobs Reported

11

NAICS Code

333999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

157000.00

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

65350

Originating Lender

Univest Bank and Trust Co.

Originating Lender City

SOUDERTON

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

158109.75

Forgiveness Date

12/30/2020

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