PPP Loan information for Progress machine shop inc

$126,895

Progress machine shop inc was initially approved for PPP Loan of amount $126,895, the current approved amount is $126,895. The loan was approved on 03/05/2021 by The PNC Bank, National Association reported 9 jobs and $126,895 was used to fund payroll.

Progress machine shop inc is Existing or more than 2 years old

PPP Loan Search / NJ / Paterson / Progress machine shop inc

PROGRESS MACHINE SHOP INC

Date Approved

03/05/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

PROGRESS MACHINE SHOP INC

Borrower Address

41 Kentucky Ave 41 Kentucky Ave

Borrower City

Paterson

Borrower State

NJ

Borrower Zip

07503-2505

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

126895.00

Current Approval Amount

126895.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Paterson

Project County Name

PASSAIC

Project State

NJ

Project Zip

07503-2505

CD

NJ-09

Jobs Reported

9

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

126893.00

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

Subchapter S 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

127811.46

Forgiveness Date

11/24/2021

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