Obars Machine and Tool Company

$474,400 PPP Loan in Toledo, Ohio

Loan Details

Loan Number
5998407100
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$474,400
Current Approval
$474,400
Forgiveness Amount
$477,753
Forgiveness Date
Jan 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Obars Machine and Tool Company
Address
115 Westwood Ave
City
Toledo
State
Ohio
ZIP Code
43607-3341
Business Type
Corporation
Industry (NAICS)
Manufacturing (333514)
Business Age
Existing or more than 2 years old
Jobs Reported
33
Estimated Revenue
$8.6M
Rural/Urban
Urban
Congressional District
OH-09

Loan Use Breakdown

Payroll
$392,900
Rent
$14,000
Utilities
$14,500
Health Care
$50,000
Debt Interest
$3,000

Lender Information

Servicing Lender
Signature Bank, National Association
Originating Lender
Signature Bank, National Association

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