PPP Loan information for J & l tool and machine inc.

$275,000

J & l tool and machine inc. was initially approved for PPP Loan of amount $275,000, the current approved amount is $275,000. The loan was approved on 02/24/2021 by The First Bank Richmond reported 20 jobs and $275,000 was used to fund payroll.

J & l tool and machine inc. is Existing or more than 2 years old

PPP Loan Search / IN / Shelbyville / J & l tool and machine inc.

J & L TOOL AND MACHINE INC.

Date Approved

02/24/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

J & L TOOL AND MACHINE INC.

Borrower Address

1441 Miller Ave

Borrower City

Shelbyville

Borrower State

IN

Borrower Zip

46176-3134

Loan Status Date

03/29/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

275000.00

Current Approval Amount

275000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79589

Servicing Lender Name

First Bank Richmond

Servicing Lender Address

20 N 9th St

Servicing Lender City

RICHMOND

Servicing Lender State

IN

Servicing Lender Zip

47374-3170

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Shelbyville

Project County Name

SHELBY

Project State

IN

Project Zip

46176-3134

CD

IN-06

Jobs Reported

20

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

275000.00

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

79589

Originating Lender

First Bank Richmond

Originating Lender City

RICHMOND

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

277682.19

Forgiveness Date

02/17/2022

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