PPP Loan information for Spectrum machine inc

$545,500

Spectrum machine inc was initially approved for PPP Loan of amount $545,500, the current approved amount is $545,500. The loan was approved on 05/07/2020 by The Premier Bank reported 52 jobs and $545,500 was used to fund payroll.

Spectrum machine inc is Existing or more than 2 years old

PPP Loan Search / OH / Streetsboro / Spectrum machine inc

SPECTRUM MACHINE INC

Date Approved

05/07/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

SPECTRUM MACHINE INC

Borrower Address

1668 Frost Rd

Borrower City

Streetsboro

Borrower State

OH

Borrower Zip

44241-5006

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

545500.00

Current Approval Amount

545500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

84349

Servicing Lender Name

Premier Bank

Servicing Lender Address

275 W Federal St

Servicing Lender City

YOUNGSTOWN

Servicing Lender State

OH

Servicing Lender Zip

44503

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Streetsboro

Project County Name

PORTAGE

Project State

OH

Project Zip

44241-5006

CD

OH-14

Jobs Reported

52

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

545500.00

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

84349

Originating Lender

Premier Bank

Originating Lender City

YOUNGSTOWN

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

550394.35

Forgiveness Date

03/31/2021

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