PPP Loan information for Material handling technologies inc

$390,600

Material handling technologies inc was initially approved for PPP Loan of amount $390,600, the current approved amount is $390,600. The loan was approved on 04/11/2020 by The Truist Bank reported 42 jobs and $390,600 was used to fund payroll.

Material handling technologies inc is Existing or more than 2 years old

PPP Loan Search / NC / MORRISVILLE / Material handling technologies inc

MATERIAL HANDLING TECHNOLOGIES INC

Date Approved

04/11/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MATERIAL HANDLING TECHNOLOGIES INC

Borrower Address

113 INTERNATIONAL DR

Borrower City

MORRISVILLE

Borrower State

NC

Borrower Zip

27560-8792

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

390600.00

Current Approval Amount

390600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MORRISVILLE

Project County Name

WAKE

Project State

NC

Project Zip

27560-8792

CD

NC-02

Jobs Reported

42

NAICS Code

333922

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

390600.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

394592.80

Forgiveness Date

05/03/2021

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