PPP Loan information for Institute for safe medication practices

$498,075

Institute for safe medication practices was initially approved for PPP Loan of amount $498,075, the current approved amount is $498,075. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 24 jobs and $498,075 was used to fund payroll.

Institute for safe medication practices is Existing or more than 2 years old

INSTITUTE FOR SAFE MEDICATION PRACTICES

Date Approved

04/15/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

INSTITUTE FOR SAFE MEDICATION PRACTICES

Borrower Address

200 Lakeside Drive Suite 200

Borrower City

Horsham

Borrower State

PA

Borrower Zip

19044

Loan Status Date

04/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

498075.00

Current Approval Amount

498075.00

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

Horsham

Project County Name

MONTGOMERY

Project State

PA

Project Zip

19044-0001

CD

PA-04

Jobs Reported

24

NAICS Code

813212

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

461063.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

37012.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

502755.54

Forgiveness Date

03/31/2021

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