PPP Loan information for Recycling equipment corporation

$350,000

Recycling equipment corporation was initially approved for PPP Loan of amount $350,000, the current approved amount is $350,000. The loan was approved on 04/15/2020 by The QNB Bank reported 30 jobs and $350,000 was used to fund payroll.

Recycling equipment corporation is Existing or more than 2 years old

PPP Loan Search / PA / LANSDALE / Recycling equipment corporation

RECYCLING EQUIPMENT CORPORATION

Date Approved

04/15/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

RECYCLING EQUIPMENT CORPORATION

Borrower Address

831 W 5TH ST

Borrower City

LANSDALE

Borrower State

PA

Borrower Zip

19446-2265

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

350000.00

Current Approval Amount

350000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

62342

Servicing Lender Name

QNB Bank

Servicing Lender Address

15 N Third St

Servicing Lender City

QUAKERTOWN

Servicing Lender State

PA

Servicing Lender Zip

18951-1376

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LANSDALE

Project County Name

MONTGOMERY

Project State

PA

Project Zip

19446-2265

CD

PA-04

Jobs Reported

30

NAICS Code

423830

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

350000.00

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

62342

Originating Lender

QNB Bank

Originating Lender City

QUAKERTOWN

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

353538.36

Forgiveness Date

04/28/2021

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