PPP Loan information for Power mechanical, inc.

$1,663,000

Power mechanical, inc. was initially approved for PPP Loan of amount $1,663,000, the current approved amount is $1,663,000. The loan was approved on 04/10/2020 by The Truist Bank reported 116 jobs and $1,663,000 was used to fund payroll.

Power mechanical, inc. is Existing or more than 2 years old

PPP Loan Search / VA / NEWPORT NEWS / Power mechanical, inc.

POWER MECHANICAL, INC.

Date Approved

04/10/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

POWER MECHANICAL, INC.

Borrower Address

4811 COMMERCE DR

Borrower City

NEWPORT NEWS

Borrower State

VA

Borrower Zip

23607-2215

Loan Status Date

03/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1663000.00

Current Approval Amount

1663000.00

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

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT NEWS

Project County Name

NEWPORT NEWS CITY

Project State

VA

Project Zip

23607-2215

CD

VA-03

Jobs Reported

116

NAICS Code

333613

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1663000.00

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

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1661907.83

Forgiveness Date

11/05/2020

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