PPP Loan information for Production equipment company

$297,705

Production equipment company was initially approved for PPP Loan of amount $297,705, the current approved amount is $297,705. The loan was approved on 04/29/2020 by The Ion Bank reported 19 jobs and $297,705 was used to fund payroll.

Production equipment company is Existing or more than 2 years old

PPP Loan Search / CT / MERIDEN / Production equipment company

PRODUCTION EQUIPMENT COMPANY

Date Approved

04/29/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

PRODUCTION EQUIPMENT COMPANY

Borrower Address

401 LIBERTY ST

Borrower City

MERIDEN

Borrower State

CT

Borrower Zip

06450-4528

Loan Status Date

06/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

297704.92

Current Approval Amount

297704.92

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16333

Servicing Lender Name

Ion Bank

Servicing Lender Address

87 Church St

Servicing Lender City

NAUGATUCK

Servicing Lender State

CT

Servicing Lender Zip

06770-4111

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MERIDEN

Project County Name

NEW HAVEN

Project State

CT

Project Zip

06450-4528

CD

CT-05

Jobs Reported

19

NAICS Code

333923

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

297704.92

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

Partnership

Originating Lender Location Id

16333

Originating Lender

Ion Bank

Originating Lender City

NAUGATUCK

Originating Lender State

CT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

300673.81

Forgiveness Date

05/03/2021

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