PPP Loan information for Industrial power, inc

$951,700

Industrial power, inc was initially approved for PPP Loan of amount $951,700, the current approved amount is $951,700. The loan was approved on 04/06/2020 by The Arvest Bank reported 71 jobs and $951,700 was used to fund payroll.

Industrial power, inc is Existing or more than 2 years old

PPP Loan Search / AR / RUSSELLVILLE / Industrial power, inc

INDUSTRIAL POWER, INC

Date Approved

04/06/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

INDUSTRIAL POWER, INC

Borrower Address

635 SWEEDEN RD

Borrower City

RUSSELLVILLE

Borrower State

AR

Borrower Zip

72802-2285

Loan Status Date

06/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

951700.00

Current Approval Amount

951700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4282

Servicing Lender Name

Arvest Bank

Servicing Lender Address

75 N East Ave

Servicing Lender City

FAYETTEVILLE

Servicing Lender State

AR

Servicing Lender Zip

72701-6171

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RUSSELLVILLE

Project County Name

POPE

Project State

AR

Project Zip

72802-2285

CD

AR-04

Jobs Reported

71

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

951700.00

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

4282

Originating Lender

Arvest Bank

Originating Lender City

FAYETTEVILLE

Originating Lender State

AR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

957251.58

Forgiveness Date

11/03/2020

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