PPP Loan information for Torotel products, inc.

$1,984,688

Torotel products, inc. was initially approved for PPP Loan of amount $1,984,688, the current approved amount is $1,984,688. The loan was approved on 04/07/2020 by The Cornerstone Bank reported 170 jobs and $1,984,688 was used to fund payroll.

Torotel products, inc. is Existing or more than 2 years old

PPP Loan Search / KS / OLATHE / Torotel products, inc.

TOROTEL PRODUCTS, INC.

Date Approved

04/07/2020

SBA Office Code

0709

Processing Method

PPP

Borrower Name

TOROTEL PRODUCTS, INC.

Borrower Address

520 N Rogers Road

Borrower City

OLATHE

Borrower State

KS

Borrower Zip

66062-1211

Loan Status Date

10/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1984688.00

Current Approval Amount

1984688.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

238669

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

9120 W 135th St

Servicing Lender City

OVERLAND PARK

Servicing Lender State

KS

Servicing Lender Zip

66221-2001

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

OLATHE

Project County Name

JOHNSON

Project State

KS

Project Zip

66062-1211

CD

KS-03

Jobs Reported

170

NAICS Code

334416

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

248086.00

Payroll Proceed

1488516.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

248086.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

238669

Originating Lender

Cornerstone Bank

Originating Lender City

OVERLAND PARK

Originating Lender State

KS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1932959.74

Forgiveness Date

06/25/2021

;