PPP Loan information for Cortec precision sheet metal inc
$5,339,029
Cortec precision sheet metal inc was initially approved for PPP Loan of amount $5,339,029, the current approved amount is $5,339,029. The loan was approved on 05/01/2020 by The Wells Fargo Bank, National Association reported 500 jobs and $5,339,029 was used to fund payroll.
Cortec precision sheet metal inc is Existing or more than 2 years old
CORTEC PRECISION SHEET METAL INC
Date Approved
05/01/2020
SBA Office Code
0912
Processing Method
PPP
Borrower Name
CORTEC PRECISION SHEET METAL INC
Borrower Address
2231 WILL WOOL DR
Borrower City
SAN JOSE
Borrower State
CA
Borrower Zip
95112-1000
Loan Status Date
03/12/2022
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
5339029.00
Current Approval Amount
5339029.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
12096
Servicing Lender Name
Wells Fargo Bank, National Association
Servicing Lender Address
101 N Philips Ave
Servicing Lender City
SIOUX FALLS
Servicing Lender State
SD
Servicing Lender Zip
57104-6738
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
SAN JOSE
Project County Name
SANTA CLARA
Project State
CA
Project Zip
95112-1000
CD
CA-17
Jobs Reported
500
NAICS Code
332999
Race
Unanswered
Ethnicity
Hispanic or Latino
Utilities Proceed
0.00
Payroll Proceed
5339029.00
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
Corporation
Originating Lender Location Id
12096
Originating Lender
Wells Fargo Bank, National Association
Originating Lender City
SIOUX FALLS
Originating Lender State
SD
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
5434253.87
Forgiveness Date
02/17/2022