PPP Loan information for Reimel machine inc

$496,608

Reimel machine inc was initially approved for PPP Loan of amount $496,608, the current approved amount is $496,608. The loan was approved on 02/10/2021 by The First Commonwealth Bank reported 32 jobs and $496,608 was used to fund payroll.

Reimel machine inc is Existing or more than 2 years old

PPP Loan Search / PA / Willow Grove / Reimel machine inc

REIMEL MACHINE INC

Date Approved

02/10/2021

SBA Office Code

0303

Processing Method

PPS

Borrower Name

REIMEL MACHINE INC

Borrower Address

2575 Wyandotte Rd

Borrower City

Willow Grove

Borrower State

PA

Borrower Zip

19090-1209

Loan Status Date

12/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

496607.50

Current Approval Amount

496607.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60009

Servicing Lender Name

First Commonwealth Bank

Servicing Lender Address

600 Philadelphia St

Servicing Lender City

INDIANA

Servicing Lender State

PA

Servicing Lender Zip

15701-3904

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Willow Grove

Project County Name

MONTGOMERY

Project State

PA

Project Zip

19090-1209

CD

PA-04

Jobs Reported

32

NAICS Code

333519

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

496607.50

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

60009

Originating Lender

First Commonwealth Bank

Originating Lender City

INDIANA

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

500349.06

Forgiveness Date

11/22/2021

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