PPP Loan information for Formcut industries inc

$278,200

Formcut industries inc was initially approved for PPP Loan of amount $278,200, the current approved amount is $278,200. The loan was approved on 05/01/2020 by The Customers Bank reported 27 jobs and $278,200 was used to fund payroll.

Formcut industries inc is Existing or more than 2 years old

PPP Loan Search / NJ / Newark / Formcut industries inc

FORMCUT INDUSTRIES INC

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

FORMCUT INDUSTRIES INC

Borrower Address

197 Mt. Pleasant Avenue

Borrower City

Newark

Borrower State

NJ

Borrower Zip

07104

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

278200.00

Current Approval Amount

278200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Newark

Project County Name

ESSEX

Project State

NJ

Project Zip

07104-0251

CD

NJ-10

Jobs Reported

27

NAICS Code

332618

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

278200.00

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

121536

Originating Lender

Customers Bank

Originating Lender City

Malvern

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

281660.35

Forgiveness Date

08/03/2021

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