PPP Loan information for Precision bearing & machine inc

$178,600

Precision bearing & machine inc was initially approved for PPP Loan of amount $178,600, the current approved amount is $178,600. The loan was approved on 04/29/2020 by The Regions Bank reported 13 jobs and $178,600 was used to fund payroll.

Precision bearing & machine inc is Existing or more than 2 years old

PPP Loan Search / SC / Roebuck / Precision bearing & machine inc

PRECISION BEARING & MACHINE INC

Date Approved

04/29/2020

SBA Office Code

0464

Processing Method

PPP

Borrower Name

PRECISION BEARING & MACHINE INC

Borrower Address

139 Old Airport Road,

Borrower City

Roebuck

Borrower State

SC

Borrower Zip

29376

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

178600.00

Current Approval Amount

178600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Roebuck

Project County Name

SPARTANBURG

Project State

SC

Project Zip

29376-0001

CD

SC-04

Jobs Reported

13

NAICS Code

332710

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

178600.00

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

Subchapter S Corporation

Originating Lender Location Id

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

179519.91

Forgiveness Date

11/05/2020

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