PPP Loan information for Penn stainless products inc

$3,134,905

Penn stainless products inc was initially approved for PPP Loan of amount $3,945,675, the current approved amount is $3,134,905. The loan was approved on 04/14/2020 by The Manufacturers and Traders Trust Company reported 200 jobs and $3,134,905 was used to fund payroll.

Penn stainless products inc is Existing or more than 2 years old

PPP Loan Search / PA / Quakertown / Penn stainless products inc

PENN STAINLESS PRODUCTS INC

Date Approved

04/14/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

PENN STAINLESS PRODUCTS INC

Borrower Address

190 Kelly Road

Borrower City

Quakertown

Borrower State

PA

Borrower Zip

18951

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3945675.00

Current Approval Amount

3134905.00

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

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Quakertown

Project County Name

BUCKS

Project State

PA

Project Zip

18951-0001

CD

PA-01

Jobs Reported

200

NAICS Code

423510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

70000.00

Payroll Proceed

2687905.00

Mortgage Interest Proceed

0.00

Rent Proceed

161000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

100000.00

Debt Interest Proceed

116000

Business Type

Subchapter S 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

3170290.78

Forgiveness Date

06/09/2021

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