PPP Loan information for Newark community cooperative, inc.

$250,000

Newark community cooperative, inc. was initially approved for PPP Loan of amount $250,000, the current approved amount is $250,000. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 51 jobs and $250,000 was used to fund payroll.

Newark community cooperative, inc. is Existing or more than 2 years old

PPP Loan Search / DE / Newark / Newark community cooperative, inc.

NEWARK COMMUNITY COOPERATIVE, INC.

Date Approved

04/15/2020

SBA Office Code

0341

Processing Method

PPP

Borrower Name

NEWARK COMMUNITY COOPERATIVE, INC.

Borrower Address

230 East Main Street Suite 209

Borrower City

Newark

Borrower State

DE

Borrower Zip

19711

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

250000.00

Current Approval Amount

250000.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

Newark

Project County Name

NEW CASTLE

Project State

DE

Project Zip

19711-0001

CD

DE-

Jobs Reported

51

NAICS Code

445110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

16000.00

Payroll Proceed

162000.00

Mortgage Interest Proceed

0.00

Rent Proceed

42000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20000.00

Debt Interest Proceed

10000

Business Type

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

251965.75

Forgiveness Date

02/02/2021

;