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Machining Technologies, Inc.

$694,700 PPP Loan in Elmore, Ohio

Loan Details

Loan Number
7480817110
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$694,700
Current Approval
$694,700
Forgiveness Amount
$703,969
Forgiveness Date
Aug 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Machining Technologies, Inc.
Address
468 Maple St
City
Elmore
State
Ohio
ZIP Code
43416-9423
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332812)
Business Age
Existing or more than 2 years old
Jobs Reported
59
Estimated Revenue
$14.4M
Rural/Urban
Rural
Congressional District
OH-09

Loan Use Breakdown

Payroll
$521,025
Utilities
$86,837
Mortgage Interest
$86,838

Lender Information

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

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