Channel Manufacturing Inc.

$426,965 PPP Loan in Port Washington, New York

Loan Details

Loan Number
2611297205
Date Approved
Apr 16, 2020
Loan Status
Paid in Full
Initial Approval
$426,965
Current Approval
$426,965
Forgiveness Amount
$429,638
Forgiveness Date
Dec 4, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Channel Manufacturing Inc.
Address
55 Channel Drive
ZIP Code
11050
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332999)
Business Age
Existing or more than 2 years old
Jobs Reported
38
Estimated Revenue
$9.3M
Rural/Urban
Urban
Congressional District
NY-03

Loan Use Breakdown

Payroll
$341,572
Rent
$55,943
Utilities
$9,359
Health Care
$16,091
Debt Interest
$4,000

Lender Information

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

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