PPP Loan information for Specialty welding and machine inc

$80,251

Specialty welding and machine inc was initially approved for PPP Loan of amount $80,251, the current approved amount is $80,251. The loan was approved on 03/18/2021 by The Peoples Bank reported 9 jobs and $80,251 was used to fund payroll.

Specialty welding and machine inc is Existing or more than 2 years old

PPP Loan Search / NC / Newton / Specialty welding and machine inc

SPECIALTY WELDING AND MACHINE INC

Date Approved

03/18/2021

SBA Office Code

0460

Processing Method

PPP

Borrower Name

SPECIALTY WELDING AND MACHINE INC

Borrower Address

505 E 16th St

Borrower City

Newton

Borrower State

NC

Borrower Zip

28658-2102

Loan Status Date

03/17/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

80251.12

Current Approval Amount

80251.12

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50396

Servicing Lender Name

Peoples Bank

Servicing Lender Address

518 W 'C' St

Servicing Lender City

NEWTON

Servicing Lender State

NC

Servicing Lender Zip

28658

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newton

Project County Name

CATAWBA

Project State

NC

Project Zip

28658-2102

CD

NC-10

Jobs Reported

9

NAICS Code

541990

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

80250.12

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

50396

Originating Lender

Peoples Bank

Originating Lender City

NEWTON

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

80986.76

Forgiveness Date

02/23/2022

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