PPP Loan information for Federal machinery & equipment co

$590,365

Federal machinery & equipment co was initially approved for PPP Loan of amount $590,365, the current approved amount is $590,365. The loan was approved on 02/17/2021 by The PNC Bank, National Association reported 43 jobs and $590,365 was used to fund payroll.

Federal machinery & equipment co is Existing or more than 2 years old

PPP Loan Search / OH / Cleveland / Federal machinery & equipment co

FEDERAL MACHINERY & EQUIPMENT CO

Date Approved

02/17/2021

SBA Office Code

0549

Processing Method

PPS

Borrower Name

FEDERAL MACHINERY & EQUIPMENT CO

Borrower Address

8200 Bessemer Ave 8200 Bessemer Ave

Borrower City

Cleveland

Borrower State

OH

Borrower Zip

44127-1837

Loan Status Date

05/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

590365.00

Current Approval Amount

590365.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Cleveland

Project County Name

CUYAHOGA

Project State

OH

Project Zip

44127-1837

CD

OH-11

Jobs Reported

43

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

590362.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

597105.00

Forgiveness Date

04/07/2022

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