PPP Loan information for Shrewsbury machine and gear inc

$609,000

Shrewsbury machine and gear inc was initially approved for PPP Loan of amount $609,000, the current approved amount is $609,000. The loan was approved on 04/15/2020 by The First Community Bank reported 34 jobs and $609,000 was used to fund payroll.

Shrewsbury machine and gear inc is Existing or more than 2 years old

PPP Loan Search / WV / Athens / Shrewsbury machine and gear inc

SHREWSBURY MACHINE AND GEAR INC

Date Approved

04/15/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

SHREWSBURY MACHINE AND GEAR INC

Borrower Address

Rt 20

Borrower City

Athens

Borrower State

WV

Borrower Zip

24712

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

609000.00

Current Approval Amount

609000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

75351

Servicing Lender Name

First Community Bank

Servicing Lender Address

29 College Dr

Servicing Lender City

BLUEFIELD

Servicing Lender State

VA

Servicing Lender Zip

24605-1736

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Athens

Project County Name

MERCER

Project State

WV

Project Zip

24712-0001

CD

WV-01

Jobs Reported

34

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

30450.00

Payroll Proceed

548100.00

Mortgage Interest Proceed

30450.00

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

75351

Originating Lender

First Community Bank

Originating Lender City

BLUEFIELD

Originating Lender State

VA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

613938.74

Forgiveness Date

02/18/2021

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