PPP Loan information for Tormach, inc

$636,247

Tormach, inc was initially approved for PPP Loan of amount $636,247, the current approved amount is $636,247. The loan was approved on 04/13/2020 by The Summit CU reported 41 jobs and $636,247 was used to fund payroll.

Tormach, inc is Existing or more than 2 years old

PPP Loan Search / WI / WAUNAKEE / Tormach, inc

TORMACH, INC

Date Approved

04/13/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

TORMACH, INC

Borrower Address

1071 Uniek Drive

Borrower City

WAUNAKEE

Borrower State

WI

Borrower Zip

53597-9588

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

636247.00

Current Approval Amount

636247.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

108074

Servicing Lender Name

Summit CU

Servicing Lender Address

1709 Landmark Dr

Servicing Lender City

COTTAGE GROVE

Servicing Lender State

WI

Servicing Lender Zip

53527-8957

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WAUNAKEE

Project County Name

DANE

Project State

WI

Project Zip

53597-9588

CD

WI-02

Jobs Reported

41

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

636247.00

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

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

108074

Originating Lender

Summit CU

Originating Lender City

COTTAGE GROVE

Originating Lender State

WI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

640325.95

Forgiveness Date

12/08/2020

;