Colonial Machine & Tool, Inc.

$552,683 PPP Loan in Coventry, Rhode Island

Loan Details

Loan Number
5255827205
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$552,683
Current Approval
$552,683
Forgiveness Amount
$557,952
Forgiveness Date
Apr 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Colonial Machine & Tool, Inc.
Address
5 Slavas Ave.
ZIP Code
02816
Business Type
Corporation
Industry (NAICS)
Manufacturing (333999)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$10.5M
Rural/Urban
Urban
Congressional District
RI-02

Loan Use Breakdown

Payroll
$552,683

Lender Information

Servicing Lender
Santander Bank, National Association
Originating Lender
Santander Bank, National Association

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