PPP Loan information for New tech cutting tools inc

$214,360

New tech cutting tools inc was initially approved for PPP Loan of amount $214,360, the current approved amount is $214,360. The loan was approved on 04/12/2020 by The Heritage Bank reported 13 jobs and $214,360 was used to fund payroll.

New tech cutting tools inc is Existing or more than 2 years old

NEW TECH CUTTING TOOLS INC

Date Approved

04/12/2020

SBA Office Code

1013

Processing Method

PPP

Borrower Name

NEW TECH CUTTING TOOLS INC

Borrower Address

1720 Central Ave S

Borrower City

KENT

Borrower State

WA

Borrower Zip

98032-6163

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

214359.50

Current Approval Amount

214359.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

81191

Servicing Lender Name

Heritage Bank

Servicing Lender Address

201 5th Ave SW

Servicing Lender City

OLYMPIA

Servicing Lender State

WA

Servicing Lender Zip

98501-1063

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

KENT

Project County Name

KING

Project State

WA

Project Zip

98032-6163

CD

WA-09

Jobs Reported

13

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

214359.50

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

81191

Originating Lender

Heritage Bank

Originating Lender City

OLYMPIA

Originating Lender State

WA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

216644.04

Forgiveness Date

05/13/2021

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