PPP Loan information for Formac inc.

$2,642,900

Formac inc. was initially approved for PPP Loan of amount $2,642,900, the current approved amount is $2,642,900. The loan was approved on 04/27/2020 by The Live Oak Banking Company reported 154 jobs and $2,642,900 was used to fund payroll.

Formac inc. is Existing or more than 2 years old

PPP Loan Search / CA / Fremont / Formac inc.

FORMAC INC.

Date Approved

04/27/2020

SBA Office Code

0912

Processing Method

PPP

Borrower Name

FORMAC INC.

Borrower Address

3155 Kearney St Suite 210

Borrower City

Fremont

Borrower State

CA

Borrower Zip

94538

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2642900.00

Current Approval Amount

2642900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

455644

Servicing Lender Name

Live Oak Banking Company

Servicing Lender Address

1741 Tiburon Dr

Servicing Lender City

WILMINGTON

Servicing Lender State

NC

Servicing Lender Zip

28403-6244

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Fremont

Project County Name

ALAMEDA

Project State

CA

Project Zip

94538-0001

CD

CA-14

Jobs Reported

154

NAICS Code

541511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2642900.00

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

455644

Originating Lender

Live Oak Banking Company

Originating Lender City

WILMINGTON

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2672514.96

Forgiveness Date

06/14/2021

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