Industrial Pump & Machine, LLC

$355,300 PPP Loan in Mobile, Alabama

Loan Details

Loan Number
9902067001
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$355,300
Current Approval
$355,600
Forgiveness Amount
$358,632
Forgiveness Date
Feb 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Industrial Pump & Machine, LLC
Address
2000 Telegraph Rd
City
Mobile
State
Alabama
ZIP Code
36610-4143
Business Type
Partnership
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
$7.3M
Rural/Urban
Urban
Congressional District
AL-01

Loan Use Breakdown

Payroll
$266,700
Rent
$17,780
Utilities
$17,780
Health Care
$17,780
Mortgage Interest
$17,780
Debt Interest
$17,780

Lender Information

Servicing Lender
Oakworth Capital Bank
Originating Lender
Oakworth Capital Bank

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