PPP Loan information for Rotor clip company inc.

$2,000,000

Rotor clip company inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/25/2021 by The Loan Source Incorporated reported 270 jobs and $2,000,000 was used to fund payroll.

Rotor clip company inc. is Existing or more than 2 years old

PPP Loan Search / NJ / Somerset / Rotor clip company inc.

ROTOR CLIP COMPANY INC.

Date Approved

01/25/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

ROTOR CLIP COMPANY INC.

Borrower Address

187 Davidson Ave

Borrower City

Somerset

Borrower State

NJ

Borrower Zip

08873-4117

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Somerset

Project County Name

SOMERSET

Project State

NJ

Project Zip

08873-4117

CD

NJ-12

Jobs Reported

270

NAICS Code

332722

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2000000.00

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

43251

Originating Lender

Peapack-Gladstone Bank

Originating Lender City

BEDMINSTER

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2024657.53

Forgiveness Date

05/23/2022

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