PPP Loan information for Cypress hills local development corporation, inc.

$2,263,062

Cypress hills local development corporation, inc. was initially approved for PPP Loan of amount $2,263,062, the current approved amount is $2,263,062. The loan was approved on 04/27/2020 by The Manufacturers and Traders Trust Company reported 382 jobs and $2,263,062 was used to fund payroll.

Cypress hills local development corporation, inc. is Existing or more than 2 years old

PPP Loan Search / NY / Brooklyn / Cypress hills local development corporation, inc.

CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION, INC.

Date Approved

04/27/2020

SBA Office Code

0202

Processing Method

PPP

Borrower Name

CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION, INC.

Borrower Address

625 Jamaica Avenue

Borrower City

Brooklyn

Borrower State

NY

Borrower Zip

11208

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2263062.00

Current Approval Amount

2263062.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Brooklyn

Project County Name

KINGS

Project State

NY

Project Zip

11208-0001

CD

NY-07

Jobs Reported

382

NAICS Code

624110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5700.00

Payroll Proceed

2002362.00

Mortgage Interest Proceed

0.00

Rent Proceed

55000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

200000.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2294992.87

Forgiveness Date

09/29/2021

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