PPP Loan information for Polamer precision inc

$2,000,000

Polamer precision inc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/28/2021 by The Bank of America, National Association reported 154 jobs and $2,000,000 was used to fund payroll.

Polamer precision inc is Existing or more than 2 years old

PPP Loan Search / CT / New Britain / Polamer precision inc

POLAMER PRECISION INC

Date Approved

01/28/2021

SBA Office Code

0156

Processing Method

PPS

Borrower Name

POLAMER PRECISION INC

Borrower Address

105 Alton Brooks Way

Borrower City

New Britain

Borrower State

CT

Borrower Zip

06053-3359

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

New Britain

Project County Name

HARTFORD

Project State

CT

Project Zip

06053-3359

CD

CT-05

Jobs Reported

154

NAICS Code

336412

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1999994.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2020493.15

Forgiveness Date

02/08/2022

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