PPP Loan information for Absolute machine tools, inc

$1,145,985

Absolute machine tools, inc was initially approved for PPP Loan of amount $935,916, the current approved amount is $1,145,985. The loan was approved on 04/28/2020 by The Northwest Bank reported 54 jobs and $1,145,985 was used to fund payroll.

Absolute machine tools, inc is Existing or more than 2 years old

PPP Loan Search / OH / Lorain / Absolute machine tools, inc

ABSOLUTE MACHINE TOOLS, INC

Date Approved

04/28/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

ABSOLUTE MACHINE TOOLS, INC

Borrower Address

7420 Industrial Parkway Dr

Borrower City

Lorain

Borrower State

OH

Borrower Zip

44053-2064

Loan Status Date

04/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

935916.00

Current Approval Amount

1145985.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

78723

Servicing Lender Name

Northwest Bank

Servicing Lender Address

Liberty & Second St

Servicing Lender City

WARREN

Servicing Lender State

PA

Servicing Lender Zip

16365

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Lorain

Project County Name

LORAIN

Project State

OH

Project Zip

44053-2064

CD

OH-05

Jobs Reported

54

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1145985.00

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

78723

Originating Lender

Northwest Bank

Originating Lender City

WARREN

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1156785.52

Forgiveness Date

04/14/2021

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