PPP Loan information for Promoco manufacturing company

$215,000

Promoco manufacturing company was initially approved for PPP Loan of amount $215,000, the current approved amount is $215,000. The loan was approved on 04/11/2020 by The BankNewport reported 17 jobs and $215,000 was used to fund payroll.

Promoco manufacturing company is Existing or more than 2 years old

PROMOCO MANUFACTURING COMPANY

Date Approved

04/11/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

PROMOCO MANUFACTURING COMPANY

Borrower Address

300 Morgan Lane

Borrower City

WEST HAVEN

Borrower State

CT

Borrower Zip

06516-4134

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

215000.00

Current Approval Amount

215000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65657

Servicing Lender Name

BankNewport

Servicing Lender Address

10 Washington Sq

Servicing Lender City

NEWPORT

Servicing Lender State

RI

Servicing Lender Zip

02840-2948

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WEST HAVEN

Project County Name

NEW HAVEN

Project State

CT

Project Zip

06516-4134

CD

CT-03

Jobs Reported

17

NAICS Code

332313

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

215000.00

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

65657

Originating Lender

BankNewport

Originating Lender City

NEWPORT

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

216861.37

Forgiveness Date

03/08/2021

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