PPP Loan information for Innovative machining solutions

$51,335

Innovative machining solutions was initially approved for PPP Loan of amount $51,335, the current approved amount is $51,335. The loan was approved on 04/08/2020 by The The Park National Bank reported 11 jobs and $51,335 was used to fund payroll.

Innovative machining solutions is Existing or more than 2 years old

PPP Loan Search / OH / COLDWATER / Innovative machining solutions

INNOVATIVE MACHINING SOLUTIONS

Date Approved

04/08/2020

SBA Office Code

0593

Processing Method

PPP

Borrower Name

INNOVATIVE MACHINING SOLUTIONS

Borrower Address

127 W SYCAMORE ST

Borrower City

COLDWATER

Borrower State

OH

Borrower Zip

45828-1853

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

51335.00

Current Approval Amount

51335.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57912

Servicing Lender Name

The Park National Bank

Servicing Lender Address

50 N Third St

Servicing Lender City

NEWARK

Servicing Lender State

OH

Servicing Lender Zip

43055-5523

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COLDWATER

Project County Name

MERCER

Project State

OH

Project Zip

45828-1853

CD

OH-05

Jobs Reported

11

NAICS Code

333517

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3335.00

Payroll Proceed

40000.00

Mortgage Interest Proceed

0.00

Rent Proceed

4000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

4000

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

57912

Originating Lender

The Park National Bank

Originating Lender City

NEWARK

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

51620.51

Forgiveness Date

11/19/2020

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