PPP Loan information for Forman industries inc.

$1,006,772

Forman industries inc. was initially approved for PPP Loan of amount $1,006,772, the current approved amount is $1,006,772. The loan was approved on 04/14/2020 by The Manufacturers and Traders Trust Company reported 76 jobs and $1,006,772 was used to fund payroll.

Forman industries inc. is Existing or more than 2 years old

PPP Loan Search / NJ / Old Bridge / Forman industries inc.

FORMAN INDUSTRIES INC.

Date Approved

04/14/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

FORMAN INDUSTRIES INC.

Borrower Address

3150 Bordentown Avenue

Borrower City

Old Bridge

Borrower State

NJ

Borrower Zip

08857

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1006772.00

Current Approval Amount

1006772.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Old Bridge

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

08857-0001

CD

NJ-12

Jobs Reported

76

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

9272.00

Payroll Proceed

880000.00

Mortgage Interest Proceed

0.00

Rent Proceed

17500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

100000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1013198.79

Forgiveness Date

12/14/2020

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