PPP Loan information for Mechanical precision inc

$475,000

Mechanical precision inc was initially approved for PPP Loan of amount $475,000, the current approved amount is $475,000. The loan was approved on 04/16/2020 by The PNC Bank, National Association reported 48 jobs and $475,000 was used to fund payroll.

Mechanical precision inc is Existing or more than 2 years old

PPP Loan Search / NJ / FLEMINGTON / Mechanical precision inc

MECHANICAL PRECISION INC

Date Approved

04/16/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MECHANICAL PRECISION INC

Borrower Address

11 HOPEWELL AVE

Borrower City

FLEMINGTON

Borrower State

NJ

Borrower Zip

08822-1118

Loan Status Date

01/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

475000.00

Current Approval Amount

475000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FLEMINGTON

Project County Name

HUNTERDON

Project State

NJ

Project Zip

08822-1118

CD

NJ-07

Jobs Reported

48

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

475000.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

478153.47

Forgiveness Date

12/23/2020

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