Transonic Systems Inc.

$2,033,600 PPP Loan in Ithaca, New York

Loan Details

Loan Number
1602597205
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$2,033,600
Current Approval
$2,033,600
Forgiveness Amount
$2,060,065
Forgiveness Date
Aug 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Transonic Systems Inc.
Address
34 Dutch Mill Road
City
Ithaca
ZIP Code
14850
Business Type
Corporation
Industry (NAICS)
Manufacturing (334510)
Business Age
Existing or more than 2 years old
Jobs Reported
99
Estimated Revenue
$25.9M
Rural/Urban
Rural
Congressional District
NY-19

Loan Use Breakdown

Payroll
$1,532,959
Health Care
$500,641

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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