PPP Loan information for True cut tool co.

$240,405

True cut tool co. was initially approved for PPP Loan of amount $240,405, the current approved amount is $240,405. The loan was approved on 03/23/2021 by The Farmers & Merchants Bank reported 19 jobs and $240,405 was used to fund payroll.

True cut tool co. is Existing or more than 2 years old

PPP Loan Search / OH / New Carlisle / True cut tool co.

TRUE CUT TOOL CO.

Date Approved

03/23/2021

SBA Office Code

0593

Processing Method

PPP

Borrower Name

TRUE CUT TOOL CO.

Borrower Address

10153 Detrick Jordan Pike

Borrower City

New Carlisle

Borrower State

OH

Borrower Zip

45344-9386

Loan Status Date

12/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

240404.50

Current Approval Amount

240404.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57802

Servicing Lender Name

Farmers & Merchants Bank

Servicing Lender Address

41 S First St

Servicing Lender City

MIAMISBURG

Servicing Lender State

OH

Servicing Lender Zip

45342-2815

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

New Carlisle

Project County Name

CLARK

Project State

OH

Project Zip

45344-9386

CD

OH-15

Jobs Reported

19

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

240401.50

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

57802

Originating Lender

Farmers & Merchants Bank

Originating Lender City

MIAMISBURG

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

241960.45

Forgiveness Date

11/15/2021

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