PPP Loan information for Metal cutting corp

$723,932

Metal cutting corp was initially approved for PPP Loan of amount $723,932, the current approved amount is $723,932. The loan was approved on 02/04/2021 by The PNC Bank, National Association reported 55 jobs and $723,932 was used to fund payroll.

Metal cutting corp is Existing or more than 2 years old

PPP Loan Search / NJ / Cedar Grove / Metal cutting corp

METAL CUTTING CORP

Date Approved

02/04/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

METAL CUTTING CORP

Borrower Address

89 Commerce Rd

Borrower City

Cedar Grove

Borrower State

NJ

Borrower Zip

07009-1205

Loan Status Date

11/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

723932.00

Current Approval Amount

723932.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cedar Grove

Project County Name

ESSEX

Project State

NJ

Project Zip

07009-1205

CD

NJ-11

Jobs Reported

55

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

723927.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

729240.83

Forgiveness Date

10/28/2021

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