PPP Loan information for Precision engineering inc

$1,357,680

Precision engineering inc was initially approved for PPP Loan of amount $1,357,680, the current approved amount is $1,357,680. The loan was approved on 01/31/2021 by The Loan Source Incorporated reported 58 jobs and $1,357,680 was used to fund payroll.

Precision engineering inc is Existing or more than 2 years old

PPP Loan Search / AL / Mobile / Precision engineering inc

PRECISION ENGINEERING INC

Date Approved

01/31/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

PRECISION ENGINEERING INC

Borrower Address

400 Saint Louis St

Borrower City

Mobile

Borrower State

AL

Borrower Zip

36602-2522

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1357680.00

Current Approval Amount

1357680.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mobile

Project County Name

MOBILE

Project State

AL

Project Zip

36602-2522

CD

AL-01

Jobs Reported

58

NAICS Code

541330

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1357678.00

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

39334

Originating Lender

Trustmark National Bank

Originating Lender City

JACKSON

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1370512.87

Forgiveness Date

01/21/2022

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