PPP Loan information for Machining concepts, inc.

$241,890

Machining concepts, inc. was initially approved for PPP Loan of amount $241,890, the current approved amount is $241,890. The loan was approved on 04/06/2020 by The CNB Bank reported 33 jobs and $241,890 was used to fund payroll.

Machining concepts, inc. is Existing or more than 2 years old

PPP Loan Search / PA / ERIE / Machining concepts, inc.

MACHINING CONCEPTS, INC.

Date Approved

04/06/2020

SBA Office Code

0358

Processing Method

PPP

Borrower Name

MACHINING CONCEPTS, INC.

Borrower Address

1304 Industrial Drive

Borrower City

ERIE

Borrower State

PA

Borrower Zip

16505-4326

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

241890.00

Current Approval Amount

241890.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59954

Servicing Lender Name

CNB Bank

Servicing Lender Address

31 S Second St

Servicing Lender City

CLEARFIELD

Servicing Lender State

PA

Servicing Lender Zip

16830

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ERIE

Project County Name

ERIE

Project State

PA

Project Zip

16505-4326

CD

PA-16

Jobs Reported

33

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

18378.00

Payroll Proceed

193512.00

Mortgage Interest Proceed

0.00

Rent Proceed

12000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

18000

Business Type

Subchapter S Corporation

Originating Lender Location Id

59954

Originating Lender

CNB Bank

Originating Lender City

CLEARFIELD

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

243977.54

Forgiveness Date

02/25/2021

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