PPP Loan information for Machinery group inc

$30,348

Machinery group inc was initially approved for PPP Loan of amount $30,348, the current approved amount is $30,348. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 3 jobs and $30,348 was used to fund payroll.

Machinery group inc is New Business or 2 years or less

PPP Loan Search / NJ / MOUNTAINSIDE / Machinery group inc

MACHINERY GROUP INC

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MACHINERY GROUP INC

Borrower Address

1156 SPRINGFIELD AVE

Borrower City

MOUNTAINSIDE

Borrower State

NJ

Borrower Zip

07092-2906

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

30348.00

Current Approval Amount

30348.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

MOUNTAINSIDE

Project County Name

UNION

Project State

NJ

Project Zip

07092-2906

CD

NJ-07

Jobs Reported

3

NAICS Code

561499

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

30348.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

30596.60

Forgiveness Date

02/25/2021

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