PPP Loan information for Vermes machine co., inc.

$697,000

Vermes machine co., inc. was initially approved for PPP Loan of amount $716,500, the current approved amount is $697,000. The loan was approved on 04/04/2020 by The Mid Penn Bank reported 39 jobs and $697,000 was used to fund payroll.

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

PPP Loan Search / NJ / Moorestown / Vermes machine co., inc.

VERMES MACHINE CO., INC.

Date Approved

04/04/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

VERMES MACHINE CO., INC.

Borrower Address

351 Cider Ave

Borrower City

Moorestown

Borrower State

NJ

Borrower Zip

08057-1238

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

716500.00

Current Approval Amount

697000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

61087

Servicing Lender Name

Mid Penn Bank

Servicing Lender Address

349 Union St

Servicing Lender City

MILLERSBURG

Servicing Lender State

PA

Servicing Lender Zip

17061-1611

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Moorestown

Project County Name

BURLINGTON

Project State

NJ

Project Zip

08057-1238

CD

NJ-03

Jobs Reported

39

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

697000.00

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

61087

Originating Lender

Mid Penn Bank

Originating Lender City

MILLERSBURG

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

700949.67

Forgiveness Date

11/05/2020

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