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Motion Control Systems

$499,883 PPP Loan in Radford, Virginia

Loan Details

Loan Number
3538197305
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$499,883
Current Approval
$499,883
Forgiveness Amount
$504,576
Forgiveness Date
Apr 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Motion Control Systems
Address
6701 Viscoe Road
City
Radford
State
Virginia
ZIP Code
24141-6905
Business Type
Corporation
Industry (NAICS)
Manufacturing (334419)
Business Age
Existing or more than 2 years old
Jobs Reported
49
Estimated Revenue
$12.8M
Rural/Urban
Rural
Congressional District
VA-09

Loan Use Breakdown

Payroll
$499,883

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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