PPP Loan information for American products inc

$1,000,000

American products inc was initially approved for PPP Loan of amount $1,000,000, the current approved amount is $1,000,000. The loan was approved on 04/15/2020 by The Customers Bank reported 57 jobs and $1,000,000 was used to fund payroll.

American products inc is Existing or more than 2 years old

PPP Loan Search / NC / Pineville / American products inc

AMERICAN PRODUCTS INC

Date Approved

04/15/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

AMERICAN PRODUCTS INC

Borrower Address

11815 Downs Road

Borrower City

Pineville

Borrower State

NC

Borrower Zip

28134

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1000000.00

Current Approval Amount

1000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Pineville

Project County Name

MECKLENBURG

Project State

NC

Project Zip

28134-0001

CD

NC-14

Jobs Reported

57

NAICS Code

111211

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1000000.00

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

Sole Proprietorship

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1006958.90

Forgiveness Date

01/25/2021

;