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Motion Control Systems

$499,883 PPP Loan in Radford, Virginia

Loan Details

Loan Number
4112548503
Date Approved
Feb 25, 2021
Loan Status
Paid in Full
Initial Approval
$499,883
Current Approval
$499,883
Forgiveness Amount
$503,132
Forgiveness Date
Oct 19, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Motion Control Systems
Address
6701 Viscoe Rd
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
50
Estimated Revenue
$13.1M
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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