PPP Loan information for Torcon, inc

$4,017,067

Torcon, inc was initially approved for PPP Loan of amount $4,017,067, the current approved amount is $4,017,067. The loan was approved on 04/27/2020 by The Emigrant Bank reported 197 jobs and $4,017,067 was used to fund payroll.

Torcon, inc is Existing or more than 2 years old

PPP Loan Search / NJ / Red Bank / Torcon, inc

TORCON, INC

Date Approved

04/27/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

TORCON, INC

Borrower Address

328 Newman Springs Road

Borrower City

Red Bank

Borrower State

NJ

Borrower Zip

07701

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4017067.00

Current Approval Amount

4017067.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48902

Servicing Lender Name

Emigrant Bank

Servicing Lender Address

5 E 42nd St

Servicing Lender City

NEW YORK CITY

Servicing Lender State

NY

Servicing Lender Zip

10017-6904

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Red Bank

Project County Name

MONMOUTH

Project State

NJ

Project Zip

07701-0001

CD

NJ-06

Jobs Reported

197

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

4017067.00

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

Subchapter S Corporation

Originating Lender Location Id

48902

Originating Lender

Emigrant Bank

Originating Lender City

NEW YORK CITY

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

4066042.20

Forgiveness Date

07/26/2021

;