PPP Loan information for Mears machine corporation

$1,687,875

Mears machine corporation was initially approved for PPP Loan of amount $1,687,875, the current approved amount is $1,687,875. The loan was approved on 01/27/2021 by The Regions Bank reported 100 jobs and $1,687,875 was used to fund payroll.

Mears machine corporation is Existing or more than 2 years old

PPP Loan Search / IN / Avon / Mears machine corporation

MEARS MACHINE CORPORATION

Date Approved

01/27/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

MEARS MACHINE CORPORATION

Borrower Address

9973 E US Highway 36

Borrower City

Avon

Borrower State

IN

Borrower Zip

46123-7987

Loan Status Date

05/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1687875.00

Current Approval Amount

1687875.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

Avon

Project County Name

HENDRICKS

Project State

IN

Project Zip

46123-7987

CD

IN-04

Jobs Reported

100

NAICS Code

335991

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1687875.00

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

1707852.04

Forgiveness Date

04/14/2022

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