PPP Loan information for New way machine components inc

$977,800

New way machine components inc was initially approved for PPP Loan of amount $977,800, the current approved amount is $977,800. The loan was approved on 04/13/2020 by The PNC Bank, National Association reported 63 jobs and $977,800 was used to fund payroll.

New way machine components inc is Existing or more than 2 years old

PPP Loan Search / PA / ASTON / New way machine components inc

NEW WAY MACHINE COMPONENTS INC

Date Approved

04/13/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

NEW WAY MACHINE COMPONENTS INC

Borrower Address

50 MCDONALD BLVD

Borrower City

ASTON

Borrower State

PA

Borrower Zip

19014-3202

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

977800.00

Current Approval Amount

977800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ASTON

Project County Name

DELAWARE

Project State

PA

Project Zip

19014-3202

CD

PA-05

Jobs Reported

63

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

977800.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

985160.66

Forgiveness Date

01/19/2021

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