PPP Loan information for Syst-a-matic tool and design, inc

$228,775

Syst-a-matic tool and design, inc was initially approved for PPP Loan of amount $228,775, the current approved amount is $228,775. The loan was approved on 04/08/2020 by The Mercer County State Bank reported 21 jobs and $228,775 was used to fund payroll.

Syst-a-matic tool and design, inc is Existing or more than 2 years old

PPP Loan Search / PA / MEADVILLE / Syst-a-matic tool and design, inc

SYST-A-MATIC TOOL AND DESIGN, INC

Date Approved

04/08/2020

SBA Office Code

0358

Processing Method

PPP

Borrower Name

SYST-A-MATIC TOOL AND DESIGN, INC

Borrower Address

11320 BACO RD

Borrower City

MEADVILLE

Borrower State

PA

Borrower Zip

16335-4708

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

228775.00

Current Approval Amount

228775.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65267

Servicing Lender Name

Mercer County State Bank

Servicing Lender Address

3279 S Main St

Servicing Lender City

SANDY LAKE

Servicing Lender State

PA

Servicing Lender Zip

16145

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MEADVILLE

Project County Name

CRAWFORD

Project State

PA

Project Zip

16335-4708

CD

PA-16

Jobs Reported

21

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2980.00

Payroll Proceed

195550.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

30245.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

65267

Originating Lender

Mercer County State Bank

Originating Lender City

SANDY LAKE

Originating Lender State

PA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

230312.88

Forgiveness Date

12/15/2020

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