PPP Loan information for Peoples commerce inc.

$578,755

Peoples commerce inc. was initially approved for PPP Loan of amount $578,755, the current approved amount is $578,755. The loan was approved on 04/29/2021 by The First Commonwealth Bank reported 34 jobs and $578,755 was used to fund payroll.

Peoples commerce inc. is Existing or more than 2 years old

PPP Loan Search / PA / Norristown / Peoples commerce inc.

PEOPLES COMMERCE INC.

Date Approved

04/29/2021

SBA Office Code

0303

Processing Method

PPS

Borrower Name

PEOPLES COMMERCE INC.

Borrower Address

2626 Ridge Pike

Borrower City

Norristown

Borrower State

PA

Borrower Zip

19403-1610

Loan Status Date

01/31/2023

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

578755.00

Current Approval Amount

578755.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60009

Servicing Lender Name

First Commonwealth Bank

Servicing Lender Address

600 Philadelphia St

Servicing Lender City

INDIANA

Servicing Lender State

PA

Servicing Lender Zip

15701-3904

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Norristown

Project County Name

MONTGOMERY

Project State

PA

Project Zip

19403-1610

CD

PA-04

Jobs Reported

34

NAICS Code

532112

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

578755.00

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

60009

Originating Lender

First Commonwealth Bank

Originating Lender City

INDIANA

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

587460.11

Forgiveness Date

11/07/2022

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