MOTORS, DRIVES & CONTROLS, INC.

Summary of PPP (Paycheck Protection Program) Loan approved to MOTORS, DRIVES & CONTROLS, INC. by Univest Bank and Trust Co.. The loan was approved on 4/06/2020 in the range of $150,000-350,000.

Business Information

Name:

MOTORS, DRIVES & CONTROLS, INC.

2398 NORTH PENN RD
HATFIELD, PA 19440
Business type: Corporation
Machinery Manufacturing
→ All Other Miscellaneous General Purpose Machinery Manufacturing
Non-profit: No
Loan amount: $150,000-350,000
(50 Jobs retained)
Date approved: April 06, 2020
Lender Univest Bank and Trust Co.

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.