Coronet INC

$2,304,395 PPP Loan in Totowa, New Jersey

Loan Details

Loan Number
1092007104
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$2,304,395
Current Approval
$2,304,395
Forgiveness Amount
$2,333,565
Forgiveness Date
Jul 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Coronet INC
Address
55 Shepherds Lane 0.0
City
Totowa
ZIP Code
07512-2130
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (335931)
Business Age
Existing or more than 2 years old
Jobs Reported
254
Estimated Revenue
$66.5M
Rural/Urban
Urban
Congressional District
NJ-11

Loan Use Breakdown

Payroll
$1,592,350
Rent
$215,427
Utilities
$41,596
Health Care
$362,856
Debt Interest
$92,166

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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