PPP Loan information for Independence business supply co., inc.

$624,900

Independence business supply co., inc. was initially approved for PPP Loan of amount $624,900, the current approved amount is $624,900. The loan was approved on 04/07/2020 by The First Federal Savings & Loan Association of Lakewood reported 60 jobs and $624,900 was used to fund payroll.

Independence business supply co., inc. is Existing or more than 2 years old

PPP Loan Search / OH / CLEVELAND / Independence business supply co., inc.

INDEPENDENCE BUSINESS SUPPLY CO., INC.

Date Approved

04/07/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

INDEPENDENCE BUSINESS SUPPLY CO., INC.

Borrower Address

4550 HINCKLEY INDUSTRIAL PKWY

Borrower City

CLEVELAND

Borrower State

OH

Borrower Zip

44109-6010

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

624900.00

Current Approval Amount

624900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

81934

Servicing Lender Name

First Federal Savings & Loan Association of Lakewood

Servicing Lender Address

14806 Detroit Ave

Servicing Lender City

LAKEWOOD

Servicing Lender State

OH

Servicing Lender Zip

44107-3910

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CLEVELAND

Project County Name

CUYAHOGA

Project State

OH

Project Zip

44109-6010

CD

OH-11

Jobs Reported

60

NAICS Code

453210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

31245.00

Payroll Proceed

499920.00

Mortgage Interest Proceed

0.00

Rent Proceed

31245.00

Refinance EIDL Proceed

0.00

Health Care Proceed

62490.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

81934

Originating Lender

First Federal Savings & Loan Association of Lakewood

Originating Lender City

LAKEWOOD

Originating Lender State

OH

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

630263.72

Forgiveness Date

02/25/2021

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