PPP Loan information for American newspaper solutions and technology llc

$317,100

American newspaper solutions and technology llc was initially approved for PPP Loan of amount $1,788,100, the current approved amount is $317,100. The loan was approved on 04/13/2020 by The Customers Bank reported 264 jobs and $317,100 was used to fund payroll.

American newspaper solutions and technology llc is Existing or more than 2 years old

AMERICAN NEWSPAPER SOLUTIONS AND TECHNOLOGY LLC

Date Approved

04/13/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

AMERICAN NEWSPAPER SOLUTIONS AND TECHNOLOGY LLC

Borrower Address

530 Pine St

Borrower City

Rochester

Borrower State

MI

Borrower Zip

48307

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1788100.00

Current Approval Amount

317100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rochester

Project County Name

OAKLAND

Project State

MI

Project Zip

48307-0001

CD

MI-10

Jobs Reported

264

NAICS Code

515112

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

317100.00

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

Sole Proprietorship

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

318802.78

Forgiveness Date

11/19/2020

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