PPP Loan information for Moreng metal products, inc.

$720,500

Moreng metal products, inc. was initially approved for PPP Loan of amount $664,300, the current approved amount is $720,500. The loan was approved on 04/14/2020 by The Customers Bank reported 59 jobs and $720,500 was used to fund payroll.

Moreng metal products, inc. is Existing or more than 2 years old

PPP Loan Search / NJ / Totowa / Moreng metal products, inc.

MORENG METAL PRODUCTS, INC.

Date Approved

04/14/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MORENG METAL PRODUCTS, INC.

Borrower Address

100 West End Road

Borrower City

Totowa

Borrower State

NJ

Borrower Zip

07512

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

664300.00

Current Approval Amount

720500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Totowa

Project County Name

PASSAIC

Project State

NJ

Project Zip

07512-1000

CD

NJ-11

Jobs Reported

59

NAICS Code

339999

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

720500.00

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

Sole Proprietorship

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

725415.19

Forgiveness Date

01/25/2021

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