PPP Loan information for Bracone metal spinning inc

$328,168

Bracone metal spinning inc was initially approved for PPP Loan of amount $328,168, the current approved amount is $328,168. The loan was approved on 04/09/2020 by The The Milford Bank reported 21 jobs and $328,168 was used to fund payroll.

Bracone metal spinning inc is Existing or more than 2 years old

PPP Loan Search / CT / SOUTHINGTON / Bracone metal spinning inc

BRACONE METAL SPINNING INC

Date Approved

04/09/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

BRACONE METAL SPINNING INC

Borrower Address

39 DEPAOLO DR

Borrower City

SOUTHINGTON

Borrower State

CT

Borrower Zip

06489-1021

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

328167.50

Current Approval Amount

328167.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16310

Servicing Lender Name

The Milford Bank

Servicing Lender Address

33 Broad St

Servicing Lender City

MILFORD

Servicing Lender State

CT

Servicing Lender Zip

06460-3319

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOUTHINGTON

Project County Name

HARTFORD

Project State

CT

Project Zip

06489-1021

CD

CT-01

Jobs Reported

21

NAICS Code

336412

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

328167.50

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

16310

Originating Lender

The Milford Bank

Originating Lender City

MILFORD

Originating Lender State

CT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

332187.55

Forgiveness Date

07/02/2021

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