PPP Loan information for Colonial machine & tool, inc.

$552,683

Colonial machine & tool, inc. was initially approved for PPP Loan of amount $552,683, the current approved amount is $552,683. The loan was approved on 04/27/2020 by The Santander Bank, National Association reported 40 jobs and $552,683 was used to fund payroll.

Colonial machine & tool, inc. is Existing or more than 2 years old

PPP Loan Search / RI / Coventry / Colonial machine & tool, inc.

COLONIAL MACHINE & TOOL, INC.

Date Approved

04/27/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

COLONIAL MACHINE & TOOL, INC.

Borrower Address

5 Slavas Ave.

Borrower City

Coventry

Borrower State

RI

Borrower Zip

02816

Loan Status Date

05/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

552683.00

Current Approval Amount

552683.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

84894

Servicing Lender Name

Santander Bank, National Association

Servicing Lender Address

824 N Market St, Ste 100

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-4937

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Coventry

Project County Name

KENT

Project State

RI

Project Zip

02816-0001

CD

RI-02

Jobs Reported

40

NAICS Code

333999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

552683.00

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

Corporation

Originating Lender Location Id

84894

Originating Lender

Santander Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

557952.42

Forgiveness Date

04/20/2021

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