PPP Loan information for Manufacturing technology, inc.

$1,650,000

Manufacturing technology, inc. was initially approved for PPP Loan of amount $1,875,000, the current approved amount is $1,650,000. The loan was approved on 04/05/2020 by The Lake City Bank reported 115 jobs and $1,650,000 was used to fund payroll.

Manufacturing technology, inc. is Existing or more than 2 years old

PPP Loan Search / IN / SOUTH BEND / Manufacturing technology, inc.

MANUFACTURING TECHNOLOGY, INC.

Date Approved

04/05/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MANUFACTURING TECHNOLOGY, INC.

Borrower Address

1702 W WASHINGTON ST

Borrower City

SOUTH BEND

Borrower State

IN

Borrower Zip

46628-2061

Loan Status Date

05/07/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1875000.00

Current Approval Amount

1650000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24432

Servicing Lender Name

Lake City Bank

Servicing Lender Address

202 E Center St

Servicing Lender City

WARSAW

Servicing Lender State

IN

Servicing Lender Zip

46580-2842

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SOUTH BEND

Project County Name

ST JOSEPH

Project State

IN

Project Zip

46628-2061

CD

IN-02

Jobs Reported

115

NAICS Code

333992

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

85000.00

Payroll Proceed

1395000.00

Mortgage Interest Proceed

5000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

85000.00

Debt Interest Proceed

80000

Business Type

Corporation

Originating Lender Location Id

24432

Originating Lender

Lake City Bank

Originating Lender City

WARSAW

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1452835.25

Forgiveness Date

11/17/2020

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