PPP Loan information for New products corporation

$613,740

New products corporation was initially approved for PPP Loan of amount $613,740, the current approved amount is $613,740. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 440 jobs and $613,740 was used to fund payroll.

New products corporation is Existing or more than 2 years old

PPP Loan Search / MI / BENTON HARBOR / New products corporation

NEW PRODUCTS CORPORATION

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

NEW PRODUCTS CORPORATION

Borrower Address

448 North Shore Dr

Borrower City

BENTON HARBOR

Borrower State

MI

Borrower Zip

49022

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

613740.00

Current Approval Amount

613740.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BENTON HARBOR

Project County Name

BERRIEN

Project State

MI

Project Zip

49022-0389

CD

MI-06

Jobs Reported

440

NAICS Code

331523

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

82000.00

Payroll Proceed

472140.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

59600.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

621692.71

Forgiveness Date

08/23/2021

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