PPP Loan information for Richards machine tool co inc

$250,000

Richards machine tool co inc was initially approved for PPP Loan of amount $250,000, the current approved amount is $250,000. The loan was approved on 04/30/2020 by The Bank of America, National Association reported 17 jobs and $250,000 was used to fund payroll.

Richards machine tool co inc is Existing or more than 2 years old

PPP Loan Search / CT / NEWINGTON / Richards machine tool co inc

RICHARDS MACHINE TOOL CO INC

Date Approved

04/30/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

RICHARDS MACHINE TOOL CO INC

Borrower Address

187 STAMM RD

Borrower City

NEWINGTON

Borrower State

CT

Borrower Zip

06111-3619

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

250000.00

Current Approval Amount

250000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEWINGTON

Project County Name

HARTFORD

Project State

CT

Project Zip

06111-3619

CD

CT-01

Jobs Reported

17

NAICS Code

332999

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

250000.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

252178.08

Forgiveness Date

03/19/2021

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