PPP Loan information for Precision machine technologies

$524,400

Precision machine technologies was initially approved for PPP Loan of amount $524,400, the current approved amount is $524,400. The loan was approved on 04/15/2020 by The Genesee Regional Bank reported 51 jobs and $524,400 was used to fund payroll.

Precision machine technologies is Existing or more than 2 years old

PPP Loan Search / NY / ROCHESTER / Precision machine technologies

PRECISION MACHINE TECHNOLOGIES

Date Approved

04/15/2020

SBA Office Code

0219

Processing Method

PPP

Borrower Name

PRECISION MACHINE TECHNOLOGIES

Borrower Address

85 Excel Drive

Borrower City

ROCHESTER

Borrower State

NY

Borrower Zip

14621

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

524400.00

Current Approval Amount

524400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112131

Servicing Lender Name

Genesee Regional Bank

Servicing Lender Address

1850 S Winton Rd

Servicing Lender City

ROCHESTER

Servicing Lender State

NY

Servicing Lender Zip

14618-3923

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCHESTER

Project County Name

MONROE

Project State

NY

Project Zip

14621-1001

CD

NY-25

Jobs Reported

51

NAICS Code

332710

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

524400.00

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

112131

Originating Lender

Genesee Regional Bank

Originating Lender City

ROCHESTER

Originating Lender State

NY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

527459.00

Forgiveness Date

11/24/2020

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