PPP Loan information for Polar corporation

$654,577

Polar corporation was initially approved for PPP Loan of amount $654,577, the current approved amount is $654,577. The loan was approved on 04/21/2021 by The Webster Bank National Association reported 66 jobs and $654,577 was used to fund payroll.

Polar corporation is Existing or more than 2 years old

PPP Loan Search / CT / New Britain / Polar corporation

POLAR CORPORATION

Date Approved

04/21/2021

SBA Office Code

0156

Processing Method

PPS

Borrower Name

POLAR CORPORATION

Borrower Address

59 High St

Borrower City

New Britain

Borrower State

CT

Borrower Zip

06051-2277

Loan Status Date

05/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

654577.00

Current Approval Amount

654577.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

15940

Servicing Lender Name

Webster Bank National Association

Servicing Lender Address

137 Bank St

Servicing Lender City

WATERBURY

Servicing Lender State

CT

Servicing Lender Zip

06702-2205

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

06051-2277

CD

CT-05

Jobs Reported

66

NAICS Code

336412

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

654577.00

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

15940

Originating Lender

Webster Bank National Association

Originating Lender City

WATERBURY

Originating Lender State

CT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

661086.90

Forgiveness Date

05/05/2022

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