PPP Loan information for Master machine & tool company inc.

$247,700

Master machine & tool company inc. was initially approved for PPP Loan of amount $247,700, the current approved amount is $247,700. The loan was approved on 04/28/2020 by The TowneBank reported 25 jobs and $247,700 was used to fund payroll.

Master machine & tool company inc. is Existing or more than 2 years old

PPP Loan Search / VA / NEWPORT NEWS / Master machine & tool company inc.

MASTER MACHINE & TOOL COMPANY INC.

Date Approved

04/28/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MASTER MACHINE & TOOL COMPANY INC.

Borrower Address

5857 Jefferson Ave

Borrower City

NEWPORT NEWS

Borrower State

VA

Borrower Zip

23605

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

247700.00

Current Approval Amount

247700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT NEWS

Project County Name

NEWPORT NEWS CITY

Project State

VA

Project Zip

23605-0001

CD

VA-03

Jobs Reported

25

NAICS Code

332710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

247700.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

249991.23

Forgiveness Date

03/31/2021

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