PPP Loan information for True machine co., inc.

$114,293

True machine co., inc. was initially approved for PPP Loan of amount $114,293, the current approved amount is $114,293. The loan was approved on 04/09/2020 by The BayCoast Bank reported 8 jobs and $114,293 was used to fund payroll.

True machine co., inc. is Existing or more than 2 years old

PPP Loan Search / MA / SWANSEA / True machine co., inc.

TRUE MACHINE CO., INC.

Date Approved

04/09/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

TRUE MACHINE CO., INC.

Borrower Address

2222 GAR Highway

Borrower City

SWANSEA

Borrower State

MA

Borrower Zip

02777-3907

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

114293.00

Current Approval Amount

114293.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32784

Servicing Lender Name

BayCoast Bank

Servicing Lender Address

330 Swansea Mall Dr

Servicing Lender City

SWANSEA

Servicing Lender State

MA

Servicing Lender Zip

02777-4112

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SWANSEA

Project County Name

BRISTOL

Project State

MA

Project Zip

02777-3907

CD

MA-04

Jobs Reported

8

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

114293.00

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

32784

Originating Lender

BayCoast Bank

Originating Lender City

SWANSEA

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

115239.09

Forgiveness Date

02/16/2021

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