INDUSTRIAL DRIVES AND ELECTRIC INC

PPP loan information & details

Business Information

Historical loan information does not establish current debt or wrongdoing. Missing values are shown as “Not reported”; recorded zeros remain zero. SBA source and field definitions.

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Business INDUSTRIAL DRIVES AND ELECTRIC INC
Business Type Subchapter S Corporation
Business Category Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing
Business Address 571 ELBERT ST
ELBERTON GA 30635-2346
Jobs Retained 7
Loan Amount $84,797
Forgiveness Amount $85,257

Amount recorded as forgiven in the source. Do not subtract it from the approved amount to infer a current balance.

Loan Status Paid in Full

The source records this loan as paid in full. This status alone does not distinguish repayment from forgiveness.

Status date: Dec 17, 2020

Date Approved 04/10/2020
Lender The Commercial Bank
102 N Church St
CRAWFORD GA 30630
Ethnicity Owned Unanswered
Gender of Owner Male Owned
Is Owner a Veteran? Non-Veteran