Torotel Products, Inc.

$1,984,688 PPP Loan in Olathe, Kansas

Loan Details

Loan Number
7064727010
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,984,688
Current Approval
$1,984,688
Forgiveness Amount
$1,932,960
Forgiveness Date
Jun 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Torotel Products, Inc.
Address
520 N Rogers Road
City
Olathe
State
Kansas
ZIP Code
66062-1211
Business Type
Corporation
Industry (NAICS)
Manufacturing (334416)
Business Age
Existing or more than 2 years old
Jobs Reported
170
Estimated Revenue
$44.5M
Rural/Urban
Urban
Congressional District
KS-03

Loan Use Breakdown

Payroll
$1,488,516
Utilities
$248,086
Refinance EIDL
$248,086

Lender Information

Servicing Lender
Cornerstone Bank
Originating Lender
Cornerstone Bank

Other PPP Loans in Olathe, KS

BusinessApproved
Bickford Senior Living Group LLC$10,000,000NewBizBotResearch
Kvc Behavioral Healthcare, Inc.$5,881,900NewBizBotResearch
Labor Source$5,483,200NewBizBotResearch
Paydayz Staffing Solutions, Inc.$3,205,400NewBizBotResearch
Kvc Hospitals, Inc.$3,183,400NewBizBotResearch

Want to research this company further?

Try NewBizBot free