PPP Loan information for Manufacturing & design technology, inc.

$207,000

Manufacturing & design technology, inc. was initially approved for PPP Loan of amount $207,000, the current approved amount is $207,000. The loan was approved on 04/08/2020 by The TowneBank reported 17 jobs and $207,000 was used to fund payroll.

Manufacturing & design technology, inc. is Existing or more than 2 years old

PPP Loan Search / VA / CHESAPEAKE / Manufacturing & design technology, inc.

MANUFACTURING & DESIGN TECHNOLOGY, INC.

Date Approved

04/08/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MANUFACTURING & DESIGN TECHNOLOGY, INC.

Borrower Address

1033 Cavalier Blvd

Borrower City

CHESAPEAKE

Borrower State

VA

Borrower Zip

23323-1509

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

207000.00

Current Approval Amount

207000.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

CHESAPEAKE

Project County Name

CHESAPEAKE CITY

Project State

VA

Project Zip

23323-1509

CD

VA-03

Jobs Reported

17

NAICS Code

541330

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

207000.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

208776.75

Forgiveness Date

02/18/2021

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