PPP Loan information for Akron bearing company

$350,510

Akron bearing company was initially approved for PPP Loan of amount $350,510, the current approved amount is $350,510. The loan was approved on 04/16/2020 by The JPMorgan Chase Bank, National Association reported 21 jobs and $350,510 was used to fund payroll.

Akron bearing company is Existing or more than 2 years old

PPP Loan Search / OH / Akron / Akron bearing company

AKRON BEARING COMPANY

Date Approved

04/16/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

AKRON BEARING COMPANY

Borrower Address

1965 South Arlington Street

Borrower City

Akron

Borrower State

OH

Borrower Zip

44306

Loan Status Date

05/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

350510.00

Current Approval Amount

350510.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Akron

Project County Name

SUMMIT

Project State

OH

Project Zip

44306-0001

CD

OH-13

Jobs Reported

21

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

6600.00

Payroll Proceed

294316.00

Mortgage Interest Proceed

0.00

Rent Proceed

25000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

24594.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

354049.96

Forgiveness Date

04/26/2021

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