PPP Loan information for Industrial boiler & mechanical company inc

Date Approved

04/15/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

INDUSTRIAL BOILER & MECHANICAL COMPANY INC

Borrower Address

3325 HAWTHORNE ST

Borrower City

CHATTANOOGA

Borrower State

TN

Borrower Zip

37406-4022

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1987600.00

Current Approval Amount

1987600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CHATTANOOGA

Project County Name

HAMILTON

Project State

TN

Project Zip

37406-4022

CD

TN-03

Jobs Reported

85

NAICS Code

811310

Race

American Indian or Alaska Native

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1987600.00

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

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2012975.93

Forgiveness Date

08/09/2021