Sorbothane, Inc.

$317,567 PPP Loan in Kent, Ohio

Loan Details

Loan Number
1817257706
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$317,567
Current Approval
$317,567
Forgiveness Amount
$319,486
Forgiveness Date
Dec 10, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Sorbothane, Inc.
Address
2144 St. Rt. 59
City
Kent
State
Ohio
ZIP Code
44240
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (326299)
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
$28.8M
Rural/Urban
Urban
Congressional District
OH-14

Loan Use Breakdown

Payroll
$207,567
Rent
$42,000
Utilities
$8,000
Health Care
$60,000

Lender Information

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

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