PPP Loan information for L&w machine co.

$687,500

L&w machine co. was initially approved for PPP Loan of amount $687,500, the current approved amount is $687,500. The loan was approved on 06/23/2020 by The American Express National Bank reported 48 jobs and $687,500 was used to fund payroll.

L&w machine co. is Existing or more than 2 years old

PPP Loan Search / AZ / Phoenix / L&w machine co.

L&W MACHINE CO.

Date Approved

06/23/2020

SBA Office Code

0988

Processing Method

PPP

Borrower Name

L&W MACHINE CO.

Borrower Address

2733 East Sellers Drive

Borrower City

Phoenix

Borrower State

AZ

Borrower Zip

85040

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

687500.00

Current Approval Amount

687500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

113190

Servicing Lender Name

American Express National Bank

Servicing Lender Address

115 West Towne Ridge Parkway

Servicing Lender City

Sandy

Servicing Lender State

UT

Servicing Lender Zip

84070

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Phoenix

Project County Name

MARICOPA

Project State

AZ

Project Zip

85040-0100

CD

AZ-03

Jobs Reported

48

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

68750.00

Payroll Proceed

412500.00

Mortgage Interest Proceed

0.00

Rent Proceed

103125.00

Refinance EIDL Proceed

0.00

Health Care Proceed

103125.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

113190

Originating Lender

American Express National Bank

Originating Lender City

Sandy

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

693169.52

Forgiveness Date

04/29/2021

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