PPP Loan information for Formtech enterprises,inc

$631,717

Formtech enterprises,inc was initially approved for PPP Loan of amount $631,717, the current approved amount is $631,717. The loan was approved on 04/05/2020 by The Peoples Bank reported 43 jobs and $631,717 was used to fund payroll.

Formtech enterprises,inc is Existing or more than 2 years old

PPP Loan Search / OH / STOW / Formtech enterprises,inc

FORMTECH ENTERPRISES,INC

Date Approved

04/05/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

FORMTECH ENTERPRISES,INC

Borrower Address

3924 CLOCK POINTE TRL

Borrower City

STOW

Borrower State

OH

Borrower Zip

44224-2952

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

631717.00

Current Approval Amount

631717.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57732

Servicing Lender Name

Peoples Bank

Servicing Lender Address

138 Putnam St

Servicing Lender City

MARIETTA

Servicing Lender State

OH

Servicing Lender Zip

45750-2923

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STOW

Project County Name

SUMMIT

Project State

OH

Project Zip

44224-2952

CD

OH-13

Jobs Reported

43

NAICS Code

326199

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

473788.00

Mortgage Interest Proceed

0.00

Rent Proceed

157929.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

57732

Originating Lender

Peoples Bank

Originating Lender City

MARIETTA

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

635542.40

Forgiveness Date

11/25/2020

;