PPP Loan information for Penn steel fabrication, inc.

$269,400

Penn steel fabrication, inc. was initially approved for PPP Loan of amount $288,100, the current approved amount is $269,400. The loan was approved on 04/03/2020 by The Magyar Bank reported 31 jobs and $269,400 was used to fund payroll.

Penn steel fabrication, inc. is Existing or more than 2 years old

PPP Loan Search / PA / BRISTOL / Penn steel fabrication, inc.

PENN STEEL FABRICATION, INC.

Date Approved

04/03/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

PENN STEEL FABRICATION, INC.

Borrower Address

805 N. Wilson Ave Suite 206

Borrower City

BRISTOL

Borrower State

PA

Borrower Zip

19007-4500

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

288100.00

Current Approval Amount

269400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

87737

Servicing Lender Name

Magyar Bank

Servicing Lender Address

400 Somerset St

Servicing Lender City

NEW BRUNSWICK

Servicing Lender State

NJ

Servicing Lender Zip

08901-3265

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BRISTOL

Project County Name

BUCKS

Project State

PA

Project Zip

19007-4500

CD

PA-01

Jobs Reported

31

NAICS Code

331110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

67350.00

Payroll Proceed

67350.00

Mortgage Interest Proceed

0.00

Rent Proceed

67350.00

Refinance EIDL Proceed

0.00

Health Care Proceed

67350.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

87737

Originating Lender

Magyar Bank

Originating Lender City

NEW BRUNSWICK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

271405.53

Forgiveness Date

01/19/2021

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