PPP Loan information for Promotor engines llc

$169,100

Promotor engines llc was initially approved for PPP Loan of amount $169,100, the current approved amount is $169,100. The loan was approved on 02/26/2021 by The Peoples Bank reported 14 jobs and $169,100 was used to fund payroll.

Promotor engines llc is Existing or more than 2 years old

PPP Loan Search / NC / Mooresville / Promotor engines llc

PROMOTOR ENGINES LLC

Date Approved

02/26/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

PROMOTOR ENGINES LLC

Borrower Address

102 S Iredell Industrial Park Rd

Borrower City

Mooresville

Borrower State

NC

Borrower Zip

28115-7128

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

169100.00

Current Approval Amount

169100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50396

Servicing Lender Name

Peoples Bank

Servicing Lender Address

518 W 'C' St

Servicing Lender City

NEWTON

Servicing Lender State

NC

Servicing Lender Zip

28658

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mooresville

Project County Name

IREDELL

Project State

NC

Project Zip

28115-7128

CD

NC-10

Jobs Reported

14

NAICS Code

336310

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

169096.00

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

50396

Originating Lender

Peoples Bank

Originating Lender City

NEWTON

Originating Lender State

NC

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

171072.83

Forgiveness Date

05/04/2022

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