PPP Loan information for Petron automation inc

$314,000

Petron automation inc was initially approved for PPP Loan of amount $314,000, the current approved amount is $314,000. The loan was approved on 04/04/2020 by The Ion Bank reported 34 jobs and $314,000 was used to fund payroll.

Petron automation inc is Existing or more than 2 years old

PPP Loan Search / CT / WATERTOWN / Petron automation inc

PETRON AUTOMATION INC

Date Approved

04/04/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

PETRON AUTOMATION INC

Borrower Address

65 MOUNTAIN VIEW RD

Borrower City

WATERTOWN

Borrower State

CT

Borrower Zip

06795-1648

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

314000.00

Current Approval Amount

314000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16333

Servicing Lender Name

Ion Bank

Servicing Lender Address

87 Church St

Servicing Lender City

NAUGATUCK

Servicing Lender State

CT

Servicing Lender Zip

06770-4111

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WATERTOWN

Project County Name

LITCHFIELD

Project State

CT

Project Zip

06795-1648

CD

CT-05

Jobs Reported

34

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

314000.00

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

Corporation

Originating Lender Location Id

16333

Originating Lender

Ion Bank

Originating Lender City

NAUGATUCK

Originating Lender State

CT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

316047.45

Forgiveness Date

12/08/2020

;