PPP Loan information for Ferrotherm corp

$1,724,500

Ferrotherm corp was initially approved for PPP Loan of amount $1,724,500, the current approved amount is $1,724,500. The loan was approved on 04/13/2020 by The PNC Bank, National Association reported 107 jobs and $1,724,500 was used to fund payroll.

Ferrotherm corp is Existing or more than 2 years old

PPP Loan Search / OH / GARFIELD HEIGHTS / Ferrotherm corp

FERROTHERM CORP

Date Approved

04/13/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

FERROTHERM CORP

Borrower Address

4758 WARNER RD

Borrower City

GARFIELD HEIGHTS

Borrower State

OH

Borrower Zip

44125-1117

Loan Status Date

11/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1724500.00

Current Approval Amount

1724500.00

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

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GARFIELD HEIGHTS

Project County Name

CUYAHOGA

Project State

OH

Project Zip

44125-1117

CD

OH-11

Jobs Reported

107

NAICS Code

336412

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1724500.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1741120.04

Forgiveness Date

10/06/2021

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