Formtech Enterprises,inc

$631,717 PPP Loan in Stow, Ohio

Loan Details

Loan Number
5546867010
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$631,717
Current Approval
$631,717
Forgiveness Amount
$635,542
Forgiveness Date
Nov 25, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Formtech Enterprises,inc
Address
3924 Clock Pointe Trl
City
Stow
State
Ohio
ZIP Code
44224-2952
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (326199)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$42.6M
Rural/Urban
Urban
Congressional District
OH-13

Loan Use Breakdown

Payroll
$473,788
Rent
$157,929

Lender Information

Servicing Lender
Peoples Bank
Originating Lender
Peoples Bank

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