PPP Loan information for Simplicity tool corp

$218,301

Simplicity tool corp was initially approved for PPP Loan of amount $192,047, the current approved amount is $218,301. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 19 jobs and $218,301 was used to fund payroll.

Simplicity tool corp is New Business or 2 years or less

PPP Loan Search / OR / PORTLAND / Simplicity tool corp

SIMPLICITY TOOL CORP

Date Approved

05/01/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

SIMPLICITY TOOL CORP

Borrower Address

10330 NE MARX ST

Borrower City

PORTLAND

Borrower State

OR

Borrower Zip

97220-1139

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

192047.00

Current Approval Amount

218301.00

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

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

PORTLAND

Project County Name

MULTNOMAH

Project State

OR

Project Zip

97220-1139

CD

OR-03

Jobs Reported

19

NAICS Code

334220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

218301.00

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

219814.15

Forgiveness Date

01/20/2021

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