PPP Loan information for Gro-rite inc

$127,700

Gro-rite inc was initially approved for PPP Loan of amount $127,700, the current approved amount is $127,700. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 22 jobs and $127,700 was used to fund payroll.

Gro-rite inc is Existing or more than 2 years old

PPP Loan Search / NJ / Lincoln Park / Gro-rite inc

GRO-RITE INC

Date Approved

04/15/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

GRO-RITE INC

Borrower Address

30 Hillview Road

Borrower City

Lincoln Park

Borrower State

NJ

Borrower Zip

07035

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

127700.00

Current Approval Amount

127700.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

Lincoln Park

Project County Name

MORRIS

Project State

NJ

Project Zip

07035-0001

CD

NJ-11

Jobs Reported

22

NAICS Code

444220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9445.00

Payroll Proceed

95755.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

2500

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

128606.15

Forgiveness Date

01/11/2021

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