PPP Loan information for American custom drying

$627,037

American custom drying was initially approved for PPP Loan of amount $627,037, the current approved amount is $627,037. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 45 jobs and $627,037 was used to fund payroll.

American custom drying is Existing or more than 2 years old

AMERICAN CUSTOM DRYING

Date Approved

04/15/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

AMERICAN CUSTOM DRYING

Borrower Address

109 Elbow Lane

Borrower City

Burlington

Borrower State

NJ

Borrower Zip

08016

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

627037.00

Current Approval Amount

627037.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Burlington

Project County Name

BURLINGTON

Project State

NJ

Project Zip

08016-0001

CD

NJ-03

Jobs Reported

45

NAICS Code

311514

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

120000.00

Payroll Proceed

417000.00

Mortgage Interest Proceed

18037.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

72000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

631572.28

Forgiveness Date

01/14/2021

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