PPP Loan information for Precision machine products inc

$669,600

Precision machine products inc was initially approved for PPP Loan of amount $669,600, the current approved amount is $669,600. The loan was approved on 04/14/2020 by The PNC Bank, National Association reported 53 jobs and $669,600 was used to fund payroll.

Precision machine products inc is Existing or more than 2 years old

PPP Loan Search / NC / GASTONIA / Precision machine products inc

PRECISION MACHINE PRODUCTS INC

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

PRECISION MACHINE PRODUCTS INC

Borrower Address

PO BOX 1576

Borrower City

GASTONIA

Borrower State

NC

Borrower Zip

28053-1576

Loan Status Date

06/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

669600.00

Current Approval Amount

669600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GASTONIA

Project County Name

GASTON

Project State

NC

Project Zip

28053-1576

CD

NC-14

Jobs Reported

53

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

669600.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

676854.00

Forgiveness Date

05/18/2021

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