PPP Loan information for Lubrication technologies, inc.

$10,000,000

Lubrication technologies, inc. was initially approved for PPP Loan of amount $10,000,000, the current approved amount is $10,000,000. The loan was approved on 04/10/2020 by The JPMorgan Chase Bank, National Association reported 500 jobs and $10,000,000 was used to fund payroll.

Lubrication technologies, inc. is Existing or more than 2 years old

PPP Loan Search / MN / Golden Valley / Lubrication technologies, inc.

LUBRICATION TECHNOLOGIES, INC.

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LUBRICATION TECHNOLOGIES, INC.

Borrower Address

900 Mendelssohn Ave N 0.0

Borrower City

Golden Valley

Borrower State

MN

Borrower Zip

55427-4309

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

10000000.00

Current Approval Amount

10000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Golden Valley

Project County Name

HENNEPIN

Project State

MN

Project Zip

55427-4309

CD

MN-05

Jobs Reported

500

NAICS Code

324191

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

420457.00

Payroll Proceed

7559966.00

Mortgage Interest Proceed

0.00

Rent Proceed

885582.00

Refinance EIDL Proceed

0.00

Health Care Proceed

1133995.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

10115966.67

Forgiveness Date

06/11/2021

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