PPP Loan information for Machining concepts inc.

$289,723

Machining concepts inc. was initially approved for PPP Loan of amount $289,723, the current approved amount is $289,723. The loan was approved on 01/22/2021 by The CNB Bank reported 25 jobs and $289,723 was used to fund payroll.

Machining concepts inc. is Existing or more than 2 years old

PPP Loan Search / PA / Erie / Machining concepts inc.

MACHINING CONCEPTS INC.

Date Approved

01/22/2021

SBA Office Code

0358

Processing Method

PPS

Borrower Name

MACHINING CONCEPTS INC.

Borrower Address

1304 Industrial Dr

Borrower City

Erie

Borrower State

PA

Borrower Zip

16505-4326

Loan Status Date

01/21/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

289722.50

Current Approval Amount

289722.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59954

Servicing Lender Name

CNB Bank

Servicing Lender Address

31 S Second St

Servicing Lender City

CLEARFIELD

Servicing Lender State

PA

Servicing Lender Zip

16830

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Erie

Project County Name

ERIE

Project State

PA

Project Zip

16505-4326

CD

PA-16

Jobs Reported

25

NAICS Code

332721

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

289719.50

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

59954

Originating Lender

CNB Bank

Originating Lender City

CLEARFIELD

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

292206.97

Forgiveness Date

12/09/2021

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