PPP Loan information for Profac, inc.

$2,000,000

Profac, 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 01/29/2021 by The Loan Source Incorporated reported 200 jobs and $2,000,000 was used to fund payroll.

Profac, inc. is Existing or more than 2 years old

PPP Loan Search / OH / Mentor / Profac, inc.

PROFAC, INC.

Date Approved

01/29/2021

SBA Office Code

0549

Processing Method

PPS

Borrower Name

PROFAC, INC.

Borrower Address

7198 Industrial Park Blvd

Borrower City

Mentor

Borrower State

OH

Borrower Zip

44060-5328

Loan Status Date

08/16/2022

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

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mentor

Project County Name

LAKE

Project State

OH

Project Zip

44060-5328

CD

OH-14

Jobs Reported

200

NAICS Code

321211

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1999995.00

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

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2028383.56

Forgiveness Date

07/12/2022

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