PPP Loan information for Competition tire east inc

$845,395

Competition tire east inc was initially approved for PPP Loan of amount $845,395, the current approved amount is $845,395. The loan was approved on 01/20/2021 by The Orrstown Bank reported 48 jobs and $845,395 was used to fund payroll.

Competition tire east inc is Existing or more than 2 years old

PPP Loan Search / PA / Reading / Competition tire east inc

COMPETITION TIRE EAST INC

Date Approved

01/20/2021

SBA Office Code

0303

Processing Method

PPS

Borrower Name

COMPETITION TIRE EAST INC

Borrower Address

150 Franklin St

Borrower City

Reading

Borrower State

PA

Borrower Zip

19602-1056

Loan Status Date

11/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

845395.00

Current Approval Amount

845395.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

61196

Servicing Lender Name

Orrstown Bank

Servicing Lender Address

77 E King St

Servicing Lender City

SHIPPENSBURG

Servicing Lender State

PA

Servicing Lender Zip

17257-1307

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Reading

Project County Name

BERKS

Project State

PA

Project Zip

19602-1056

CD

PA-06

Jobs Reported

48

NAICS Code

423130

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

845394.00

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

Subchapter S Corporation

Originating Lender Location Id

61196

Originating Lender

Orrstown Bank

Originating Lender City

SHIPPENSBURG

Originating Lender State

PA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

851579.12

Forgiveness Date

10/22/2021

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