PPP Loan information for Ferro magnetics corporation

$317,700

Ferro magnetics corporation was initially approved for PPP Loan of amount $317,700, the current approved amount is $317,700. The loan was approved on 04/07/2020 by The UMB Bank, National Association reported 36 jobs and $317,700 was used to fund payroll.

Ferro magnetics corporation is New Business or 2 years or less

PPP Loan Search / MO / BRIDGETON / Ferro magnetics corporation

FERRO MAGNETICS CORPORATION

Date Approved

04/07/2020

SBA Office Code

0768

Processing Method

PPP

Borrower Name

FERRO MAGNETICS CORPORATION

Borrower Address

4328 Bridgeton Industrial Dr

Borrower City

BRIDGETON

Borrower State

MO

Borrower Zip

63044-1204

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

317700.00

Current Approval Amount

317700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

40891

Servicing Lender Name

UMB Bank, National Association

Servicing Lender Address

1010 Grand Blvd

Servicing Lender City

KANSAS CITY

Servicing Lender State

MO

Servicing Lender Zip

64106-2225

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

BRIDGETON

Project County Name

SAINT LOUIS

Project State

MO

Project Zip

63044-1204

CD

MO-01

Jobs Reported

36

NAICS Code

335999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

317700.00

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

40891

Originating Lender

UMB Bank, National Association

Originating Lender City

KANSAS CITY

Originating Lender State

MO

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

320797.57

Forgiveness Date

03/31/2021

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