PPP Loan information for Innovative cutting systems, inc

$93,000

Innovative cutting systems, inc was initially approved for PPP Loan of amount $93,000, the current approved amount is $93,000. The loan was approved on 04/13/2020 by The Readycap Lending, LLC reported 4 jobs and $93,000 was used to fund payroll.

Innovative cutting systems, inc is Existing or more than 2 years old

PPP Loan Search / AZ / Gilbert / Innovative cutting systems, inc

INNOVATIVE CUTTING SYSTEMS, INC

Date Approved

04/13/2020

SBA Office Code

0988

Processing Method

PPP

Borrower Name

INNOVATIVE CUTTING SYSTEMS, INC

Borrower Address

425 West Guadalupe Road

Borrower City

Gilbert

Borrower State

AZ

Borrower Zip

85233

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

93000.00

Current Approval Amount

93000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

499141

Servicing Lender Name

Readycap Lending, LLC

Servicing Lender Address

200 Connell Drive Suite 4000

Servicing Lender City

BERKELEY HEIGHTS

Servicing Lender State

NJ

Servicing Lender Zip

07922

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Gilbert

Project County Name

MARICOPA

Project State

AZ

Project Zip

85233-0001

CD

AZ-05

Jobs Reported

4

NAICS Code

561312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

93000.00

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

Sole Proprietorship

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

93800.05

Forgiveness Date

03/09/2021

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