PPP Loan information for Newco distributors inc

$1,606,000

Newco distributors inc was initially approved for PPP Loan of amount $1,606,200, the current approved amount is $1,606,000. The loan was approved on 04/28/2020 by The Citizens Business Bank reported 121 jobs and $1,606,000 was used to fund payroll.

Newco distributors inc is Existing or more than 2 years old

PPP Loan Search / CA / RANCHO CUCAMONGA / Newco distributors inc

NEWCO DISTRIBUTORS INC

Date Approved

04/28/2020

SBA Office Code

0920

Processing Method

PPP

Borrower Name

NEWCO DISTRIBUTORS INC

Borrower Address

9060 ROCHESTER AVE

Borrower City

RANCHO CUCAMONGA

Borrower State

CA

Borrower Zip

91730-5522

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1606200.00

Current Approval Amount

1606000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

5095

Servicing Lender Name

Citizens Business Bank

Servicing Lender Address

701 N Haven Ave

Servicing Lender City

ONTARIO

Servicing Lender State

CA

Servicing Lender Zip

91764-4925

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

RANCHO CUCAMONGA

Project County Name

SAN BERNARDINO

Project State

CA

Project Zip

91730-5522

CD

CA-35

Jobs Reported

121

NAICS Code

424910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1606000.00

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

5095

Originating Lender

Citizens Business Bank

Originating Lender City

ONTARIO

Originating Lender State

CA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

1616824.00

Forgiveness Date

01/11/2021

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