PPP Loan information for Belmont confections inc

$1,087,540

Belmont confections inc was initially approved for PPP Loan of amount $1,087,540, the current approved amount is $1,087,540. The loan was approved on 02/12/2021 by The CIBC Bank USA reported 83 jobs and $1,087,540 was used to fund payroll.

Belmont confections inc is Existing or more than 2 years old

BELMONT CONFECTIONS INC

Date Approved

02/12/2021

SBA Office Code

0549

Processing Method

PPS

Borrower Name

BELMONT CONFECTIONS INC

Borrower Address

4718 Belmont Ave

Borrower City

Youngstown

Borrower State

OH

Borrower Zip

44505-1014

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1087540.00

Current Approval Amount

1087540.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116998

Servicing Lender Name

CIBC Bank USA

Servicing Lender Address

120 S LaSalle St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-3403

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Youngstown

Project County Name

TRUMBULL

Project State

OH

Project Zip

44505-1014

CD

OH-14

Jobs Reported

83

NAICS Code

311919

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1087538.00

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

116998

Originating Lender

CIBC Bank USA

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1094333.40

Forgiveness Date

10/06/2021

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