PPP Loan information for Newman machine company inc.

$469,158

Newman machine company inc. was initially approved for PPP Loan of amount $469,158, the current approved amount is $469,158. The loan was approved on 01/17/2021 by The Bank of Oak Ridge reported 58 jobs and $469,158 was used to fund payroll.

Newman machine company inc. is Existing or more than 2 years old

PPP Loan Search / NC / Browns Summit / Newman machine company inc.

NEWMAN MACHINE COMPANY INC.

Date Approved

01/17/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

NEWMAN MACHINE COMPANY INC.

Borrower Address

2949 Lees Chapel Rd

Borrower City

Browns Summit

Borrower State

NC

Borrower Zip

27214-9765

Loan Status Date

03/30/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

469157.50

Current Approval Amount

469157.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124488

Servicing Lender Name

Bank of Oak Ridge

Servicing Lender Address

2211 Oak Ridge Rd

Servicing Lender City

OAK RIDGE

Servicing Lender State

NC

Servicing Lender Zip

27310-9619

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Browns Summit

Project County Name

GUILFORD

Project State

NC

Project Zip

27214-9765

CD

NC-06

Jobs Reported

58

NAICS Code

333243

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

469155.50

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

Corporation

Originating Lender Location Id

124488

Originating Lender

Bank of Oak Ridge

Originating Lender City

OAK RIDGE

Originating Lender State

NC

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

470995.03

Forgiveness Date

06/23/2021

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