PPP Loan information for Propulsion technologies, inc.

$315,465

Propulsion technologies, inc. was initially approved for PPP Loan of amount $315,465, the current approved amount is $315,465. The loan was approved on 04/07/2020 by The Home Federal Bank reported 35 jobs and $315,465 was used to fund payroll.

Propulsion technologies, inc. is Existing or more than 2 years old

PPP Loan Search / LA / SHREVEPORT / Propulsion technologies, inc.

PROPULSION TECHNOLOGIES, INC.

Date Approved

04/07/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

PROPULSION TECHNOLOGIES, INC.

Borrower Address

8101 KINGSTON RD Suite 120

Borrower City

SHREVEPORT

Borrower State

LA

Borrower Zip

71108-5706

Loan Status Date

12/09/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

315465.00

Current Approval Amount

315465.00

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

LA

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

SHREVEPORT

Project County Name

CADDO

Project State

LA

Project Zip

71108-5706

CD

LA-04

Jobs Reported

35

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

315465.00

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

77438

Originating Lender

Home Federal Bank

Originating Lender City

SHREVEPORT

Originating Lender State

LA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

317366.55

Forgiveness Date

11/17/2020

;