PPP Loan information for Ostrem tool company inc

$1,038,200

Ostrem tool company inc was initially approved for PPP Loan of amount $1,038,200, the current approved amount is $1,038,200. The loan was approved on 04/11/2020 by The First-Citizens Bank & Trust Company reported 93 jobs and $1,038,200 was used to fund payroll.

Ostrem tool company inc is New Business or 2 years or less

PPP Loan Search / SC / LYMAN / Ostrem tool company inc

OSTREM TOOL COMPANY INC

Date Approved

04/11/2020

SBA Office Code

0464

Processing Method

PPP

Borrower Name

OSTREM TOOL COMPANY INC

Borrower Address

205 Inman Rd

Borrower City

LYMAN

Borrower State

SC

Borrower Zip

29365-1409

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1038200.00

Current Approval Amount

1038200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

51009

Servicing Lender Name

First-Citizens Bank & Trust Company

Servicing Lender Address

100 E. Tryon Rd DAC - 90

Servicing Lender City

Raleigh

Servicing Lender State

NC

Servicing Lender Zip

27603-3581

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

LYMAN

Project County Name

SPARTANBURG

Project State

SC

Project Zip

29365-1409

CD

SC-04

Jobs Reported

93

NAICS Code

335129

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1038200.00

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

Subchapter S Corporation

Originating Lender Location Id

51009

Originating Lender

First-Citizens Bank & Trust Company

Originating Lender City

Raleigh

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

803975.11

Forgiveness Date

11/10/2020

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