PPP Loan information for New generation yarn corporation

$326,443

New generation yarn corporation was initially approved for PPP Loan of amount $326,443, the current approved amount is $326,443. The loan was approved on 05/01/2020 by The Wells Fargo Bank, National Association reported 98 jobs and $326,443 was used to fund payroll.

New generation yarn corporation is Existing or more than 2 years old

PPP Loan Search / NJ / HAWTHORNE / New generation yarn corporation

NEW GENERATION YARN CORPORATION

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

NEW GENERATION YARN CORPORATION

Borrower Address

375 DIAMOND BRIDGE AVENUE

Borrower City

HAWTHORNE

Borrower State

NJ

Borrower Zip

07507

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

326443.00

Current Approval Amount

326443.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

12096

Servicing Lender Name

Wells Fargo Bank, National Association

Servicing Lender Address

101 N Philips Ave

Servicing Lender City

SIOUX FALLS

Servicing Lender State

SD

Servicing Lender Zip

57104-6738

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HAWTHORNE

Project County Name

PASSAIC

Project State

NJ

Project Zip

07507-0001

CD

NJ-09

Jobs Reported

98

NAICS Code

451130

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

326443.00

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

12096

Originating Lender

Wells Fargo Bank, National Association

Originating Lender City

SIOUX FALLS

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

329081.37

Forgiveness Date

02/26/2021

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