PPP Loan information for Innovative manufacturing inc

$347,639

Innovative manufacturing inc was initially approved for PPP Loan of amount $347,639, the current approved amount is $347,639. The loan was approved on 01/26/2021 by The Magyar Bank reported 33 jobs and $347,639 was used to fund payroll.

Innovative manufacturing inc is Existing or more than 2 years old

PPP Loan Search / NJ / Hillsborough / Innovative manufacturing inc

INNOVATIVE MANUFACTURING INC

Date Approved

01/26/2021

SBA Office Code

0299

Processing Method

PPP

Borrower Name

INNOVATIVE MANUFACTURING INC

Borrower Address

198 US Highway 206

Borrower City

Hillsborough

Borrower State

NJ

Borrower Zip

08844-4138

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

347639.00

Current Approval Amount

347639.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

87737

Servicing Lender Name

Magyar Bank

Servicing Lender Address

400 Somerset St

Servicing Lender City

NEW BRUNSWICK

Servicing Lender State

NJ

Servicing Lender Zip

08901-3265

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hillsborough

Project County Name

SOMERSET

Project State

NJ

Project Zip

08844-4138

CD

NJ-12

Jobs Reported

33

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

347634.00

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

Subchapter S Corporation

Originating Lender Location Id

87737

Originating Lender

Magyar Bank

Originating Lender City

NEW BRUNSWICK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

352071.40

Forgiveness Date

05/12/2022

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