PPP Loan information for Desco machine company, llc

$132,800

Desco machine company, llc was initially approved for PPP Loan of amount $132,800, the current approved amount is $132,800. The loan was approved on 04/13/2020 by The Amerant Bank, National Association reported 10 jobs and $132,800 was used to fund payroll.

Desco machine company, llc is Existing or more than 2 years old

PPP Loan Search / OH / TWINSBURG / Desco machine company, llc

DESCO MACHINE COMPANY, LLC

Date Approved

04/13/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

DESCO MACHINE COMPANY, LLC

Borrower Address

1903 CASE PKWY

Borrower City

TWINSBURG

Borrower State

OH

Borrower Zip

44087-2014

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

132800.00

Current Approval Amount

132800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

17356

Servicing Lender Name

Amerant Bank, National Association

Servicing Lender Address

220 Alhambra Circle

Servicing Lender City

CORAL GABLES

Servicing Lender State

FL

Servicing Lender Zip

33134-5174

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TWINSBURG

Project County Name

SUMMIT

Project State

OH

Project Zip

44087-2014

CD

OH-13

Jobs Reported

10

NAICS Code

423840

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

7600.00

Payroll Proceed

76609.85

Mortgage Interest Proceed

0.00

Rent Proceed

27000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

21590.15

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

17356

Originating Lender

Amerant Bank, National Association

Originating Lender City

CORAL GABLES

Originating Lender State

FL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

133810.76

Forgiveness Date

01/20/2021

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