PPP Loan information for R.w. machine & tool inc

$424,792

R.w. machine & tool inc was initially approved for PPP Loan of amount $424,792, the current approved amount is $424,792. The loan was approved on 02/06/2021 by The Portage Community Bank reported 27 jobs and $424,792 was used to fund payroll.

R.w. machine & tool inc is Existing or more than 2 years old

PPP Loan Search / OH / Ravenna / R.w. machine & tool inc

R.W. MACHINE & TOOL INC

Date Approved

02/06/2021

SBA Office Code

0549

Processing Method

PPS

Borrower Name

R.W. MACHINE & TOOL INC

Borrower Address

7944 State Route 44

Borrower City

Ravenna

Borrower State

OH

Borrower Zip

44266-9781

Loan Status Date

01/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

424792.00

Current Approval Amount

424792.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122764

Servicing Lender Name

Portage Community Bank

Servicing Lender Address

1311 E Main St

Servicing Lender City

RAVENNA

Servicing Lender State

OH

Servicing Lender Zip

44266-3329

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Ravenna

Project County Name

PORTAGE

Project State

OH

Project Zip

44266-9781

CD

OH-14

Jobs Reported

27

NAICS Code

332710

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

424789.00

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

122764

Originating Lender

Portage Community Bank

Originating Lender City

RAVENNA

Originating Lender State

OH

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

428402.73

Forgiveness Date

12/14/2021

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