PPP Loan information for Chips tool repair inc

$114,343

Chips tool repair inc was initially approved for PPP Loan of amount $114,343, the current approved amount is $114,343. The loan was approved on 02/02/2021 by The Forbright Bank reported 13 jobs and $114,343 was used to fund payroll.

Chips tool repair inc is Existing or more than 2 years old

PPP Loan Search / MN / Ramsey / Chips tool repair inc

CHIPS TOOL REPAIR INC

Date Approved

02/02/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

CHIPS TOOL REPAIR INC

Borrower Address

6250 Bunker Lake Blvd NW Ste 206

Borrower City

Ramsey

Borrower State

MN

Borrower Zip

55303-5895

Loan Status Date

02/04/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

114342.50

Current Approval Amount

114342.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

342932

Servicing Lender Name

Forbright Bank

Servicing Lender Address

4445 Willard Ave Ste 1000

Servicing Lender City

CHEVY CHASE

Servicing Lender State

MD

Servicing Lender Zip

20815-3690

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Ramsey

Project County Name

ANOKA

Project State

MN

Project Zip

55303-5895

CD

MN-06

Jobs Reported

13

NAICS Code

339999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

114338.50

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

Subchapter S Corporation

Originating Lender Location Id

342932

Originating Lender

Forbright Bank

Originating Lender City

CHEVY CHASE

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

115444.63

Forgiveness Date

01/25/2022

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