MECHANICAL DEVELOPMENT COMPANY INCORPORATED

Summary of PPP (Paycheck Protection Program) Loan approved to MECHANICAL DEVELOPMENT COMPANY INCORPORATED by Truist Bank d/b/a Branch Banking & Trust Co. The loan was approved on 4/09/2020 in the range of $150,000-350,000.

Business Information

Name:

MECHANICAL DEVELOPMENT COMPANY INCORPORATED

303 APPERSON DR
SALEM, VA 24153
Business type: Corporation
Fabricated Metal Product Manufacturing
→ Saw Blade and Handtool Manufacturing
Non-profit: No
Loan amount: $150,000-350,000
(50 Jobs retained)
Date approved: April 09, 2020
Lender Truist Bank d/b/a Branch Banking & 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.