PPP Loan information for Paramount machine company, inc.

$1,609,133

Paramount machine company, inc. was initially approved for PPP Loan of amount $1,939,757, the current approved amount is $1,609,133. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 93 jobs and $1,609,133 was used to fund payroll.

Paramount machine company, inc. is New Business or 2 years or less

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

PARAMOUNT MACHINE COMPANY, INC.

Date Approved

05/01/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

PARAMOUNT MACHINE COMPANY, INC.

Borrower Address

138 Sanrico Dr

Borrower City

Manchester

Borrower State

CT

Borrower Zip

06042

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1939757.00

Current Approval Amount

1609133.00

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

New Business or 2 years or less

Project City

Manchester

Project County Name

HARTFORD

Project State

CT

Project Zip

06042-1400

CD

CT-01

Jobs Reported

93

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1609133.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1621565.21

Forgiveness Date

02/11/2021

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