PPP Loan information for Scheerer bearing corporation

$655,000

Scheerer bearing corporation was initially approved for PPP Loan of amount $655,000, the current approved amount is $655,000. The loan was approved on 03/13/2021 by The Republic First Bank d/b/a Republic Bank reported 38 jobs and $655,000 was used to fund payroll.

Scheerer bearing corporation is Existing or more than 2 years old

PPP Loan Search / PA / Willow Grove / Scheerer bearing corporation

SCHEERER BEARING CORPORATION

Date Approved

03/13/2021

SBA Office Code

0303

Processing Method

PPS

Borrower Name

SCHEERER BEARING CORPORATION

Borrower Address

645 Davisville Rd

Borrower City

Willow Grove

Borrower State

PA

Borrower Zip

19090-1514

Loan Status Date

11/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

655000.00

Current Approval Amount

655000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112477

Servicing Lender Name

Republic First Bank d/b/a Republic Bank

Servicing Lender Address

50 S 16th St, Ste 2400

Servicing Lender City

PHILADELPHIA

Servicing Lender State

PA

Servicing Lender Zip

19102-2526

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Willow Grove

Project County Name

MONTGOMERY

Project State

PA

Project Zip

19090-1514

CD

PA-04

Jobs Reported

38

NAICS Code

332991

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

655000.00

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

Cooperative

Originating Lender Location Id

112477

Originating Lender

Republic First Bank d/b/a Republic Bank

Originating Lender City

PHILADELPHIA

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

658876.16

Forgiveness Date

10/20/2021

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