PPP Loan information for Colonial machine company inc.

$520,000

Colonial machine company inc. was initially approved for PPP Loan of amount $520,000, the current approved amount is $520,000. The loan was approved on 02/12/2021 by The The Bancorp Bank National Association reported 40 jobs and $520,000 was used to fund payroll.

Colonial machine company inc. is Existing or more than 2 years old

PPP Loan Search / OH / Kent / Colonial machine company inc.

COLONIAL MACHINE COMPANY INC.

Date Approved

02/12/2021

SBA Office Code

0549

Processing Method

PPS

Borrower Name

COLONIAL MACHINE COMPANY INC.

Borrower Address

1041 Mogadore Rd

Borrower City

Kent

Borrower State

OH

Borrower Zip

44240-7534

Loan Status Date

02/04/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

520000.00

Current Approval Amount

520000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188901

Servicing Lender Name

The Bancorp Bank National Association

Servicing Lender Address

6100 S Old Village Place

Servicing Lender City

Sioux Falls

Servicing Lender State

SD

Servicing Lender Zip

57108

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Kent

Project County Name

PORTAGE

Project State

OH

Project Zip

44240-7534

CD

OH-14

Jobs Reported

40

NAICS Code

333511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

519998.00

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

188901

Originating Lender

The Bancorp Bank National Association

Originating Lender City

Sioux Falls

Originating Lender State

SD

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

524911.11

Forgiveness Date

01/19/2022

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