Mechanical Advantage Inc.

$273,100 PPP Loan in Marshville, North Carolina

Loan Details

Loan Number
5041828304
Date Approved
Jan 23, 2021
Loan Status
Paid in Full
Initial Approval
$273,100
Current Approval
$273,100
Forgiveness Amount
$276,954
Forgiveness Date
Jul 5, 2022
Term
60 months
Draw
First Draw

Business Information

Business Name
Mechanical Advantage Inc.
Address
7222 Lonnie Little Rd
ZIP Code
28103-7673
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$11.1M
Rural/Urban
Urban
Congressional District
NC-08

Loan Use Breakdown

Payroll
$273,100

Lender Information

Servicing Lender
First Bank
Originating Lender
First Bank

Other PPP Loans in Marshville, NC

BusinessApproved
Brewer-Hendley Oil Co.$1,887,273NewBizBotAI Deep Dive
Brewer-Hendley Oil Co.$1,672,140NewBizBotAI Deep Dive
Evergreen Landscaping & Maintenance Inc.$914,500NewBizBotAI Deep Dive
The Diversified Utility Group, LLC$522,900NewBizBotAI Deep Dive
The Market Express Inc.$508,427NewBizBotAI Deep Dive

Want to research this company further?

Try NewBizBot free