PPP Loan information for Mechanical precision inc

$487,850

Mechanical precision inc was initially approved for PPP Loan of amount $487,850, the current approved amount is $487,850. The loan was approved on 01/28/2021 by The PNC Bank, National Association reported 42 jobs and $487,850 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

01/28/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

MECHANICAL PRECISION INC

Borrower Address

11 Hopewell Ave

Borrower City

Flemington

Borrower State

NJ

Borrower Zip

08822-1118

Loan Status Date

11/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

487850.00

Current Approval Amount

487850.00

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

42

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

487848.00

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

491441.12

Forgiveness Date

10/25/2021

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