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Colonial Machine Company Inc.

$520,000 PPP Loan in Kent, Ohio

Loan Details

Loan Number
7637058407
Date Approved
Feb 12, 2021
Loan Status
Paid in Full
Initial Approval
$520,000
Current Approval
$520,000
Forgiveness Amount
$524,911
Forgiveness Date
Jan 19, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Colonial Machine Company Inc.
Address
1041 Mogadore Rd
City
Kent
State
Ohio
ZIP Code
44240-7534
Business Type
Corporation
Industry (NAICS)
Manufacturing (333511)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$10.5M
Rural/Urban
Rural
Congressional District
OH-14

Loan Use Breakdown

Payroll
$519,998
Utilities
$1

Lender Information

Servicing Lender
The Bancorp Bank National Association
Originating Lender
The Bancorp Bank National Association

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