PPP Loan information for Universal tools & manufacturing co.

$250,000

Universal tools & manufacturing co. was initially approved for PPP Loan of amount $250,000, the current approved amount is $250,000. The loan was approved on 03/18/2021 by The Readycap Lending, LLC reported 28 jobs and $250,000 was used to fund payroll.

Universal tools & manufacturing co. is Existing or more than 2 years old

PPP Loan Search / NJ / Springfield / Universal tools & manufacturing co.

UNIVERSAL TOOLS & MANUFACTURING CO.

Date Approved

03/18/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

UNIVERSAL TOOLS & MANUFACTURING CO.

Borrower Address

115 Victory Rd

Borrower City

Springfield

Borrower State

NJ

Borrower Zip

07081-1314

Loan Status Date

03/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

250000.00

Current Approval Amount

250000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

499141

Servicing Lender Name

Readycap Lending, LLC

Servicing Lender Address

200 Connell Drive Suite 4000

Servicing Lender City

BERKELEY HEIGHTS

Servicing Lender State

NJ

Servicing Lender Zip

07922

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Springfield

Project County Name

UNION

Project State

NJ

Project Zip

07081-1314

CD

NJ-07

Jobs Reported

28

NAICS Code

332119

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

249999.00

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

Corporation

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

252143.84

Forgiveness Date

02/08/2022

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