PPP Loan information for American mechanical, inc.

$972,800

American mechanical, inc. was initially approved for PPP Loan of amount $972,800, the current approved amount is $972,800. The loan was approved on 04/07/2020 by The TowneBank reported 71 jobs and $972,800 was used to fund payroll.

American mechanical, inc. is Existing or more than 2 years old

PPP Loan Search / VA / VIRGINIA BEACH / American mechanical, inc.

AMERICAN MECHANICAL, INC.

Date Approved

04/07/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

AMERICAN MECHANICAL, INC.

Borrower Address

633 10th Street, Suite 202

Borrower City

VIRGINIA BEACH

Borrower State

VA

Borrower Zip

23451-4522

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

972800.00

Current Approval Amount

972800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

VIRGINIA BEACH

Project County Name

VIRGINIA BEACH CITY

Project State

VA

Project Zip

23451-4522

CD

VA-02

Jobs Reported

71

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

972800.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

980393.24

Forgiveness Date

01/20/2021

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