PPP Loan information for Servo motors and drives inc.

$121,728

Servo motors and drives inc. was initially approved for PPP Loan of amount $121,728, the current approved amount is $121,728. The loan was approved on 02/26/2021 by The WaterStone Bank, SSB reported 8 jobs and $121,728 was used to fund payroll.

Servo motors and drives inc. is Existing or more than 2 years old

PPP Loan Search / WI / New Berlin / Servo motors and drives inc.

SERVO MOTORS AND DRIVES INC.

Date Approved

02/26/2021

SBA Office Code

0563

Processing Method

PPS

Borrower Name

SERVO MOTORS AND DRIVES INC.

Borrower Address

16550 W Ryerson Rd

Borrower City

New Berlin

Borrower State

WI

Borrower Zip

53151-3634

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

121727.82

Current Approval Amount

121727.82

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79567

Servicing Lender Name

WaterStone Bank, SSB

Servicing Lender Address

11200 W Plank Ct

Servicing Lender City

WAUWATOSA

Servicing Lender State

WI

Servicing Lender Zip

53226-3250

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

New Berlin

Project County Name

WAUKESHA

Project State

WI

Project Zip

53151-3634

CD

WI-05

Jobs Reported

8

NAICS Code

811219

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

121724.82

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

79567

Originating Lender

WaterStone Bank, SSB

Originating Lender City

WAUWATOSA

Originating Lender State

WI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

122106.53

Forgiveness Date

06/30/2021

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