PPP Loan information for American friction technologies, llc

$687,475

American friction technologies, llc was initially approved for PPP Loan of amount $687,475, the current approved amount is $687,475. The loan was approved on 04/27/2020 by The The Middlefield Banking Company reported 75 jobs and $687,475 was used to fund payroll.

American friction technologies, llc is Existing or more than 2 years old

PPP Loan Search / OH / CLEVELAND / American friction technologies, llc

AMERICAN FRICTION TECHNOLOGIES, LLC

Date Approved

04/27/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

AMERICAN FRICTION TECHNOLOGIES, LLC

Borrower Address

9300 MIDWEST AVE

Borrower City

CLEVELAND

Borrower State

OH

Borrower Zip

44125-2418

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

687475.00

Current Approval Amount

687475.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57805

Servicing Lender Name

The Middlefield Banking Company

Servicing Lender Address

15985 E High St

Servicing Lender City

MIDDLEFIELD

Servicing Lender State

OH

Servicing Lender Zip

44062

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CLEVELAND

Project County Name

CUYAHOGA

Project State

OH

Project Zip

44125-2418

CD

OH-11

Jobs Reported

75

NAICS Code

336340

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

687475.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

57805

Originating Lender

The Middlefield Banking Company

Originating Lender City

MIDDLEFIELD

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

657799.47

Forgiveness Date

03/31/2021

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