PPP Loan information for Machining technologies, inc.

$1,226,566

Machining technologies, inc. was initially approved for PPP Loan of amount $1,226,566, the current approved amount is $1,226,566. The loan was approved on 04/07/2020 by The Wilmington Savings Fund Society, FSB reported 99 jobs and $1,226,566 was used to fund payroll.

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

PPP Loan Search / MD / SALISBURY / Machining technologies, inc.

MACHINING TECHNOLOGIES, INC.

Date Approved

04/07/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

MACHINING TECHNOLOGIES, INC.

Borrower Address

510 NAYLOR MILL RD

Borrower City

SALISBURY

Borrower State

MD

Borrower Zip

21801-1192

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1226565.52

Current Approval Amount

1226565.52

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16710

Servicing Lender Name

Wilmington Savings Fund Society, FSB

Servicing Lender Address

500 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1490

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SALISBURY

Project County Name

WICOMICO

Project State

MD

Project Zip

21801-1192

CD

MD-01

Jobs Reported

99

NAICS Code

332919

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1226565.52

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

16710

Originating Lender

Wilmington Savings Fund Society, FSB

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1233790.49

Forgiveness Date

11/23/2020

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