PPP Loan information for Bearing-belt & chain, inc

$456,250

Bearing-belt & chain, inc was initially approved for PPP Loan of amount $456,250, the current approved amount is $456,250. The loan was approved on 04/15/2020 by The PNC Bank, National Association reported 27 jobs and $456,250 was used to fund payroll.

Bearing-belt & chain, inc is Existing or more than 2 years old

PPP Loan Search / AZ / PHOENIX / Bearing-belt & chain, inc

BEARING-BELT & CHAIN, INC

Date Approved

04/15/2020

SBA Office Code

0988

Processing Method

PPP

Borrower Name

BEARING-BELT & CHAIN, INC

Borrower Address

729 E Buckeye Rd

Borrower City

PHOENIX

Borrower State

AZ

Borrower Zip

85034

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

456250.00

Current Approval Amount

456250.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PHOENIX

Project County Name

MARICOPA

Project State

AZ

Project Zip

85034-0602

CD

AZ-03

Jobs Reported

27

NAICS Code

212321

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

57031.25

Payroll Proceed

342187.50

Mortgage Interest Proceed

0.00

Rent Proceed

57031.25

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

102000

Originating Lender

First Source FCU

Originating Lender City

NEW HARTFORD

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

459646.53

Forgiveness Date

01/19/2021

;