PPP Loan information for Electromechanical research lab

$1,160,600

Electromechanical research lab was initially approved for PPP Loan of amount $1,160,600, the current approved amount is $1,160,600. The loan was approved on 04/07/2020 by The Republic Bank & Trust Company reported 96 jobs and $1,160,600 was used to fund payroll.

Electromechanical research lab is Existing or more than 2 years old

PPP Loan Search / IN / NEW ALBANY / Electromechanical research lab

ELECTROMECHANICAL RESEARCH LAB

Date Approved

04/07/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

ELECTROMECHANICAL RESEARCH LAB

Borrower Address

2560 CHARLESTOWN RD

Borrower City

NEW ALBANY

Borrower State

IN

Borrower Zip

47150-2557

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1160600.00

Current Approval Amount

1160600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27542

Servicing Lender Name

Republic Bank & Trust Company

Servicing Lender Address

601 W Market St Republic Corporate Center

Servicing Lender City

LOUISVILLE

Servicing Lender State

KY

Servicing Lender Zip

40202

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW ALBANY

Project County Name

FLOYD

Project State

IN

Project Zip

47150-2557

CD

IN-09

Jobs Reported

96

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1160600.00

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

27542

Originating Lender

Republic Bank & Trust Company

Originating Lender City

LOUISVILLE

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1173688.99

Forgiveness Date

05/26/2021

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