PPP Loan information for J&m tool, cutter grinding co., inc

$73,269

J&m tool, cutter grinding co., inc was initially approved for PPP Loan of amount $73,269, the current approved amount is $73,269. The loan was approved on 04/28/2020 by The Forcht Bank, National Association reported 7 jobs and $73,269 was used to fund payroll.

J&m tool, cutter grinding co., inc is Existing or more than 2 years old

PPP Loan Search / KY / CORBIN / J&m tool, cutter grinding co., inc

J&M TOOL, CUTTER GRINDING CO., INC

Date Approved

04/28/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

J&M TOOL, CUTTER GRINDING CO., INC

Borrower Address

38 DEVILS CREEK RD

Borrower City

CORBIN

Borrower State

KY

Borrower Zip

40701-8827

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

73269.45

Current Approval Amount

73269.45

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

282649

Servicing Lender Name

Forcht Bank, National Association

Servicing Lender Address

2404 Sir Barton Way

Servicing Lender City

LEXINGTON

Servicing Lender State

KY

Servicing Lender Zip

40509-2267

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CORBIN

Project County Name

WHITLEY

Project State

KY

Project Zip

40701-8827

CD

KY-05

Jobs Reported

7

NAICS Code

339999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

14653.89

Payroll Proceed

58615.56

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

282649

Originating Lender

Forcht Bank, National Association

Originating Lender City

LEXINGTON

Originating Lender State

KY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

73849.50

Forgiveness Date

02/09/2021

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