PPP Loan information for Powerseal pipeline products corporation

$678,800

Powerseal pipeline products corporation was initially approved for PPP Loan of amount $678,835, the current approved amount is $678,800. The loan was approved on 04/08/2020 by The First United Bank reported 68 jobs and $678,800 was used to fund payroll.

Powerseal pipeline products corporation is Existing or more than 2 years old

PPP Loan Search / TX / WICHITA FALLS / Powerseal pipeline products corporation

POWERSEAL PIPELINE PRODUCTS CORPORATION

Date Approved

04/08/2020

SBA Office Code

0610

Processing Method

PPP

Borrower Name

POWERSEAL PIPELINE PRODUCTS CORPORATION

Borrower Address

701 Pleasantview Dr.

Borrower City

WICHITA FALLS

Borrower State

TX

Borrower Zip

76306

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

678835.00

Current Approval Amount

678800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

69778

Servicing Lender Name

First United Bank

Servicing Lender Address

201 N Broadway

Servicing Lender City

DIMMITT

Servicing Lender State

TX

Servicing Lender Zip

79027-1823

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WICHITA FALLS

Project County Name

WICHITA

Project State

TX

Project Zip

76306-0300

CD

TX-13

Jobs Reported

68

NAICS Code

486990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

84819.38

Payroll Proceed

509126.25

Mortgage Interest Proceed

0.00

Rent Proceed

84854.37

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

69778

Originating Lender

First United Bank

Originating Lender City

DIMMITT

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

682589.97

Forgiveness Date

11/03/2020

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