PPP Loan information for Specialty bearing and machine corp

$40,000

Specialty bearing and machine corp was initially approved for PPP Loan of amount $40,000, the current approved amount is $40,000. The loan was approved on 04/08/2020 by The The First Bank reported 3 jobs and $40,000 was used to fund payroll.

Specialty bearing and machine corp is Existing or more than 2 years old

PPP Loan Search / LA / PRAIRIEVILLE / Specialty bearing and machine corp

SPECIALTY BEARING AND MACHINE CORP

Date Approved

04/08/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

SPECIALTY BEARING AND MACHINE CORP

Borrower Address

17358 VALLEE CT

Borrower City

PRAIRIEVILLE

Borrower State

LA

Borrower Zip

70769-5757

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

40000.00

Current Approval Amount

40000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

120708

Servicing Lender Name

The First Bank

Servicing Lender Address

6480 Hwy 98, West

Servicing Lender City

HATTIESBURG

Servicing Lender State

MS

Servicing Lender Zip

39402

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PRAIRIEVILLE

Project County Name

ASCENSION

Project State

LA

Project Zip

70769-5757

CD

LA-06

Jobs Reported

3

NAICS Code

332991

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

40000.00

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

Corporation

Originating Lender Location Id

120708

Originating Lender

The First Bank

Originating Lender City

HATTIESBURG

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

40361.11

Forgiveness Date

03/09/2021

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