PPP Loan information for Insulation materials corporation

$445,000

Insulation materials corporation was initially approved for PPP Loan of amount $540,700, the current approved amount is $445,000. The loan was approved on 04/30/2020 by The Truist Bank reported 37 jobs and $445,000 was used to fund payroll.

Insulation materials corporation is Existing or more than 2 years old

PPP Loan Search / NJ / South Plainfield / Insulation materials corporation

INSULATION MATERIALS CORPORATION

Date Approved

04/30/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

INSULATION MATERIALS CORPORATION

Borrower Address

700 Metuchen Rd

Borrower City

South Plainfield

Borrower State

NJ

Borrower Zip

07080

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

540700.00

Current Approval Amount

445000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

South Plainfield

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

07080-0001

CD

NJ-06

Jobs Reported

37

NAICS Code

423330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

445000.00

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

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

447880.14

Forgiveness Date

01/08/2021

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