PPP Loan information for Universal machine and tool inc

$99,000

Universal machine and tool inc was initially approved for PPP Loan of amount $99,000, the current approved amount is $99,000. The loan was approved on 06/18/2020 by The Truist Bank reported 17 jobs and $99,000 was used to fund payroll.

Universal machine and tool inc is Existing or more than 2 years old

PPP Loan Search / NC / MARION / Universal machine and tool inc

UNIVERSAL MACHINE AND TOOL INC

Date Approved

06/18/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

UNIVERSAL MACHINE AND TOOL INC

Borrower Address

105 Industrial Dr

Borrower City

MARION

Borrower State

NC

Borrower Zip

28752

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

99000.00

Current Approval Amount

99000.00

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

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARION

Project County Name

MCDOWELL

Project State

NC

Project Zip

28752-0001

CD

NC-11

Jobs Reported

17

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

99000.00

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

99827.75

Forgiveness Date

04/29/2021

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