PPP Loan information for Cortec precision sheet metal inc

$5,339,029

Cortec precision sheet metal inc was initially approved for PPP Loan of amount $5,339,029, the current approved amount is $5,339,029. The loan was approved on 05/01/2020 by The Wells Fargo Bank, National Association reported 500 jobs and $5,339,029 was used to fund payroll.

Cortec precision sheet metal inc is Existing or more than 2 years old

PPP Loan Search / CA / SAN JOSE / Cortec precision sheet metal inc

CORTEC PRECISION SHEET METAL INC

Date Approved

05/01/2020

SBA Office Code

0912

Processing Method

PPP

Borrower Name

CORTEC PRECISION SHEET METAL INC

Borrower Address

2231 WILL WOOL DR

Borrower City

SAN JOSE

Borrower State

CA

Borrower Zip

95112-1000

Loan Status Date

03/12/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

5339029.00

Current Approval Amount

5339029.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

12096

Servicing Lender Name

Wells Fargo Bank, National Association

Servicing Lender Address

101 N Philips Ave

Servicing Lender City

SIOUX FALLS

Servicing Lender State

SD

Servicing Lender Zip

57104-6738

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SAN JOSE

Project County Name

SANTA CLARA

Project State

CA

Project Zip

95112-1000

CD

CA-17

Jobs Reported

500

NAICS Code

332999

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

5339029.00

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

12096

Originating Lender

Wells Fargo Bank, National Association

Originating Lender City

SIOUX FALLS

Originating Lender State

SD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

5434253.87

Forgiveness Date

02/17/2022

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