Presrite Corporation

$6,250,000 PPP Loan in Cleveland, Ohio

Loan Details

Loan Number
2298317103
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$6,250,000
Current Approval
$6,250,000
Forgiveness Amount
$6,322,479
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Presrite Corporation
Address
3665 E. 78th Street 0.0
State
Ohio
ZIP Code
44105-2048
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332111)
Business Age
Existing or more than 2 years old
Jobs Reported
387
Estimated Revenue
$94.6M
Rural/Urban
Urban
Congressional District
OH-11

Loan Use Breakdown

Payroll
$4,800,000
Utilities
$750,000
Health Care
$580,000
Debt Interest
$120,000

Lender Information

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

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