PPP Loan information for Sorbothane, inc.

$317,567

Sorbothane, inc. was initially approved for PPP Loan of amount $317,567, the current approved amount is $317,567. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 29 jobs and $317,567 was used to fund payroll.

Sorbothane, inc. is Existing or more than 2 years old

PPP Loan Search / OH / Kent / Sorbothane, inc.

SORBOTHANE, INC.

Date Approved

05/01/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

SORBOTHANE, INC.

Borrower Address

2144 St. Rt. 59

Borrower City

Kent

Borrower State

OH

Borrower Zip

44240

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

317567.00

Current Approval Amount

317567.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Kent

Project County Name

PORTAGE

Project State

OH

Project Zip

44240-0001

CD

OH-14

Jobs Reported

29

NAICS Code

326299

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

8000.00

Payroll Proceed

207567.00

Mortgage Interest Proceed

0.00

Rent Proceed

42000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

60000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

319486.16

Forgiveness Date

12/10/2020

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