PPP Loan information for Independence steel, inc.

$303,700

Independence steel, inc. was initially approved for PPP Loan of amount $303,700, the current approved amount is $303,700. The loan was approved on 04/14/2020 by The Meridian Bank reported 14 jobs and $303,700 was used to fund payroll.

Independence steel, inc. is Existing or more than 2 years old

PPP Loan Search / PA / CHESTER / Independence steel, inc.

INDEPENDENCE STEEL, INC.

Date Approved

04/14/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

INDEPENDENCE STEEL, INC.

Borrower Address

727 E. 9th Street

Borrower City

CHESTER

Borrower State

PA

Borrower Zip

19013-6215

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

303700.00

Current Approval Amount

303700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378591

Servicing Lender Name

Meridian Bank

Servicing Lender Address

9 Old Lincoln Hwy

Servicing Lender City

MALVERN

Servicing Lender State

PA

Servicing Lender Zip

19355-2551

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CHESTER

Project County Name

DELAWARE

Project State

PA

Project Zip

19013-6215

CD

PA-05

Jobs Reported

14

NAICS Code

236210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

278700.00

Mortgage Interest Proceed

0.00

Rent Proceed

15000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

378591

Originating Lender

Meridian Bank

Originating Lender City

MALVERN

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

305971.51

Forgiveness Date

01/20/2021

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