PPP Loan information for Tormach, inc

$631,177

Tormach, inc was initially approved for PPP Loan of amount $631,177, the current approved amount is $631,177. The loan was approved on 02/13/2021 by The Summit CU reported 40 jobs and $631,177 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

02/13/2021

SBA Office Code

0563

Processing Method

PPS

Borrower Name

TORMACH, INC

Borrower Address

1071 Uniek Dr

Borrower City

Waunakee

Borrower State

WI

Borrower Zip

53597-9588

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

631177.00

Current Approval Amount

631177.00

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

40

NAICS Code

339999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

631177.00

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

633338.57

Forgiveness Date

06/24/2021

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