PPP Loan information for New life furniture systems inc

$96,480

New life furniture systems inc was initially approved for PPP Loan of amount $96,480, the current approved amount is $96,480. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 11 jobs and $96,480 was used to fund payroll.

New life furniture systems inc is Existing or more than 2 years old

PPP Loan Search / DE / Newport / New life furniture systems inc

NEW LIFE FURNITURE SYSTEMS INC

Date Approved

04/15/2020

SBA Office Code

0341

Processing Method

PPP

Borrower Name

NEW LIFE FURNITURE SYSTEMS INC

Borrower Address

1675 East Ayre Street

Borrower City

Newport

Borrower State

DE

Borrower Zip

19804

Loan Status Date

03/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

96480.00

Current Approval Amount

96480.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Newport

Project County Name

NEW CASTLE

Project State

DE

Project Zip

19804-0001

CD

DE-

Jobs Reported

11

NAICS Code

811420

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3000.00

Payroll Proceed

77980.00

Mortgage Interest Proceed

0.00

Rent Proceed

12000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

3500.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

97278.27

Forgiveness Date

02/19/2021

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