PPP Loan information for Logan machine company

$700,000

Logan machine company was initially approved for PPP Loan of amount $700,000, the current approved amount is $700,000. The loan was approved on 02/16/2021 by The Portage Community Bank reported 57 jobs and $700,000 was used to fund payroll.

Logan machine company is Existing or more than 2 years old

PPP Loan Search / OH / Akron / Logan machine company

LOGAN MACHINE COMPANY

Date Approved

02/16/2021

SBA Office Code

0549

Processing Method

PPS

Borrower Name

LOGAN MACHINE COMPANY

Borrower Address

1405 Home Ave

Borrower City

Akron

Borrower State

OH

Borrower Zip

44310-2514

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

700000.00

Current Approval Amount

700000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122764

Servicing Lender Name

Portage Community Bank

Servicing Lender Address

1311 E Main St

Servicing Lender City

RAVENNA

Servicing Lender State

OH

Servicing Lender Zip

44266-3329

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Akron

Project County Name

SUMMIT

Project State

OH

Project Zip

44310-2514

CD

OH-13

Jobs Reported

57

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

699999.00

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

Corporation

Originating Lender Location Id

122764

Originating Lender

Portage Community Bank

Originating Lender City

RAVENNA

Originating Lender State

OH

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

702488.89

Forgiveness Date

06/28/2021

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