PPP Loan information for Paramount machine company inc.

$1,609,132

Paramount machine company inc. was initially approved for PPP Loan of amount $1,609,132, the current approved amount is $1,609,132. The loan was approved on 02/04/2021 by The Bank of America, National Association reported 82 jobs and $1,609,132 was used to fund payroll.

Paramount machine company inc. is Existing or more than 2 years old

PPP Loan Search / CT / Manchester / Paramount machine company inc.

PARAMOUNT MACHINE COMPANY INC.

Date Approved

02/04/2021

SBA Office Code

0156

Processing Method

PPS

Borrower Name

PARAMOUNT MACHINE COMPANY INC.

Borrower Address

138 Sanrico Dr

Borrower City

Manchester

Borrower State

CT

Borrower Zip

06042-9008

Loan Status Date

04/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1609132.00

Current Approval Amount

1609132.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Manchester

Project County Name

HARTFORD

Project State

CT

Project Zip

06042-9008

CD

CT-01

Jobs Reported

82

NAICS Code

336412

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1609130.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1627074.92

Forgiveness Date

03/24/2022

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