PPP Loan information for Formex inc.

$242,500

Formex inc. was initially approved for PPP Loan of amount $242,500, the current approved amount is $242,500. The loan was approved on 04/15/2020 by The The Washington Trust Company of Westerly reported 25 jobs and $242,500 was used to fund payroll.

Formex inc. is Existing or more than 2 years old

PPP Loan Search / RI / EAST GREENWICH / Formex inc.

FORMEX INC.

Date Approved

04/15/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

FORMEX INC.

Borrower Address

3305 S COUNTY TRL

Borrower City

EAST GREENWICH

Borrower State

RI

Borrower Zip

02818-1473

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

242500.00

Current Approval Amount

242500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65777

Servicing Lender Name

The Washington Trust Company of Westerly

Servicing Lender Address

23 Broad St

Servicing Lender City

WESTERLY

Servicing Lender State

RI

Servicing Lender Zip

02891-1879

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EAST GREENWICH

Project County Name

KENT

Project State

RI

Project Zip

02818-1473

CD

RI-02

Jobs Reported

25

NAICS Code

813920

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

242500.00

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

65777

Originating Lender

The Washington Trust Company of Westerly

Originating Lender City

WESTERLY

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

245322.43

Forgiveness Date

06/24/2021

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