PPP Loan information for Arc remanufacturing inc

$385,450

Arc remanufacturing inc was initially approved for PPP Loan of amount $385,450, the current approved amount is $385,450. The loan was approved on 04/28/2020 by The HSBC Bank USA, National Association reported 45 jobs and $385,450 was used to fund payroll.

Arc remanufacturing inc is Existing or more than 2 years old

PPP Loan Search / NY / ASTORIA / Arc remanufacturing inc

ARC REMANUFACTURING INC

Date Approved

04/28/2020

SBA Office Code

0202

Processing Method

PPP

Borrower Name

ARC REMANUFACTURING INC

Borrower Address

1940 42ND ST

Borrower City

ASTORIA

Borrower State

NY

Borrower Zip

11105-1113

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

385450.00

Current Approval Amount

385450.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378617

Servicing Lender Name

HSBC Bank USA, National Association

Servicing Lender Address

1800 Tysons Blvd, Ste 50 Tysons II

Servicing Lender City

MCLEAN

Servicing Lender State

VA

Servicing Lender Zip

22102-4267

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ASTORIA

Project County Name

QUEENS

Project State

NY

Project Zip

11105-1113

CD

NY-14

Jobs Reported

45

NAICS Code

336211

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

385450.00

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

378617

Originating Lender

HSBC Bank USA, National Association

Originating Lender City

MCLEAN

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

387634.22

Forgiveness Date

11/27/2020

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