Date Approved
02/09/2021
SBA Office Code
0679
Processing Method
PPS
Borrower Name
PROPULSION TECHNOLOGIES INC.
Borrower Address
8101 Kingston Rd Ste 120
Borrower City
Shreveport
Borrower State
LA
Borrower Zip
71108-5745
Loan Status Date
08/10/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
315465.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
77438
Servicing Lender Name
Home Federal Bank
Servicing Lender Address
222 Florida St
Servicing Lender City
SHREVEPORT
Servicing Lender State
Servicing Lender Zip
71105-4622
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
CADDO
Project State
Project Zip
CD
LA-04
Jobs Reported
36
NAICS Code
332999
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
315460.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
316884.59
Forgiveness Date
07/30/2021