PPP Loan information for Somma tool company inc.

$360,000

Somma tool company inc. was initially approved for PPP Loan of amount $360,000, the current approved amount is $360,000. The loan was approved on 04/03/2020 by The Ion Bank reported 25 jobs and $360,000 was used to fund payroll.

Somma tool company inc. is Existing or more than 2 years old

PPP Loan Search / CT / WATERBURY / Somma tool company inc.

SOMMA TOOL COMPANY INC.

Date Approved

04/03/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

SOMMA TOOL COMPANY INC.

Borrower Address

109 SCOTT RD

Borrower City

WATERBURY

Borrower State

CT

Borrower Zip

06705-3202

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

360000.00

Current Approval Amount

360000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16333

Servicing Lender Name

Ion Bank

Servicing Lender Address

87 Church St

Servicing Lender City

NAUGATUCK

Servicing Lender State

CT

Servicing Lender Zip

06770-4111

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WATERBURY

Project County Name

NEW HAVEN

Project State

CT

Project Zip

06705-3202

CD

CT-05

Jobs Reported

25

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

360000.00

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

16333

Originating Lender

Ion Bank

Originating Lender City

NAUGATUCK

Originating Lender State

CT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

362002.19

Forgiveness Date

11/03/2020

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