PPP Loan information for Absolute machine tools inc

$1,185,523

Absolute machine tools inc was initially approved for PPP Loan of amount $1,185,523, the current approved amount is $1,185,523. The loan was approved on 02/19/2021 by The Northwest Bank reported 54 jobs and $1,185,523 was used to fund payroll.

Absolute machine tools inc is Existing or more than 2 years old

PPP Loan Search / OH / Lorain / Absolute machine tools inc

ABSOLUTE MACHINE TOOLS INC

Date Approved

02/19/2021

SBA Office Code

0549

Processing Method

PPS

Borrower Name

ABSOLUTE MACHINE TOOLS INC

Borrower Address

7420 Industrial Parkway Dr

Borrower City

Lorain

Borrower State

OH

Borrower Zip

44053-2064

Loan Status Date

01/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1185522.50

Current Approval Amount

1185522.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

78723

Servicing Lender Name

Northwest Bank

Servicing Lender Address

Liberty & Second St

Servicing Lender City

WARREN

Servicing Lender State

PA

Servicing Lender Zip

16365

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Lorain

Project County Name

LORAIN

Project State

OH

Project Zip

44053-2064

CD

OH-05

Jobs Reported

54

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1185522.50

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

78723

Originating Lender

Northwest Bank

Originating Lender City

WARREN

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1195363.96

Forgiveness Date

12/23/2021

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