PPP Loan information for Applied composite technology aerospace, inc.

$1,990,265

Applied composite technology aerospace, inc. was initially approved for PPP Loan of amount $1,990,265, the current approved amount is $1,990,265. The loan was approved on 04/04/2020 by The Cache Valley Bank reported 172 jobs and $1,990,265 was used to fund payroll.

Applied composite technology aerospace, inc. is Existing or more than 2 years old

PPP Loan Search / UT / GUNNISON / Applied composite technology aerospace, inc.

APPLIED COMPOSITE TECHNOLOGY AEROSPACE, INC.

Date Approved

04/04/2020

SBA Office Code

0883

Processing Method

PPP

Borrower Name

APPLIED COMPOSITE TECHNOLOGY AEROSPACE, INC.

Borrower Address

425 E 400 N

Borrower City

GUNNISON

Borrower State

UT

Borrower Zip

84634-0009

Loan Status Date

01/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1990265.00

Current Approval Amount

1990265.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72251

Servicing Lender Name

Cache Valley Bank

Servicing Lender Address

101 N Main St

Servicing Lender City

LOGAN

Servicing Lender State

UT

Servicing Lender Zip

84321-4525

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GUNNISON

Project County Name

SANPETE

Project State

UT

Project Zip

84634-0009

CD

UT-04

Jobs Reported

172

NAICS Code

336413

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1990265.00

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

72251

Originating Lender

Cache Valley Bank

Originating Lender City

LOGAN

Originating Lender State

UT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2002870.01

Forgiveness Date

11/25/2020

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