PPP Loan information for Innovative mechanical systems inc

$124,157

Innovative mechanical systems inc was initially approved for PPP Loan of amount $124,157, the current approved amount is $124,157. The loan was approved on 01/23/2021 by The Community Bank of the Chesapeake reported 6 jobs and $124,157 was used to fund payroll.

Innovative mechanical systems inc is Existing or more than 2 years old

PPP Loan Search / MD / Mechanicsville / Innovative mechanical systems inc

INNOVATIVE MECHANICAL SYSTEMS INC

Date Approved

01/23/2021

SBA Office Code

0373

Processing Method

PPP

Borrower Name

INNOVATIVE MECHANICAL SYSTEMS INC

Borrower Address

29595 Dogwood Cir

Borrower City

Mechanicsville

Borrower State

MD

Borrower Zip

20659-2251

Loan Status Date

11/02/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

124157.00

Current Approval Amount

124157.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121705

Servicing Lender Name

Community Bank of the Chesapeake

Servicing Lender Address

3035 Leonardtown Rd PO Box 38

Servicing Lender City

Waldorf

Servicing Lender State

MD

Servicing Lender Zip

20601

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mechanicsville

Project County Name

SAINT MARYS

Project State

MD

Project Zip

20659-2251

CD

MD-05

Jobs Reported

6

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

124157.00

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

121705

Originating Lender

Community Bank of the Chesapeake

Originating Lender City

Waldorf

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

124973.37

Forgiveness Date

09/24/2021

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