Meyco Machine and Tool, Inc.

$425,000 PPP Loan in Fountain Valley, California

Loan Details

Loan Number
1732497709
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$425,000
Current Approval
$425,000
Forgiveness Amount
$427,892
Forgiveness Date
Jan 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Meyco Machine and Tool, Inc.
Address
11579 Martens River Cir
ZIP Code
92708
Business Type
Corporation
Industry (NAICS)
Manufacturing (333515)
Business Age
Existing or more than 2 years old
Jobs Reported
31
Estimated Revenue
$8.1M
Rural/Urban
Urban
Congressional District
CA-45

Loan Use Breakdown

Payroll
$300,000
Rent
$38,000
Utilities
$32,000
Health Care
$50,000
Debt Interest
$5,000

Lender Information

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

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