Penn Stainless Products INC
$3,945,675 PPP Loan in Quakertown, Pennsylvania
Loan Details
- Loan Number
- 7860127106
- Date Approved
- Apr 14, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $3,945,675
- Current Approval
- $3,134,905
- Forgiveness Amount
- $3,170,291
- Forgiveness Date
- Jun 9, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Penn Stainless Products INC
- Address
- 190 Kelly Road
- City
- Quakertown
- State
- Pennsylvania
- ZIP Code
- 18951
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (423510)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 200
- Estimated Revenue
- $61.3M
- Rural/Urban
- Urban
- Congressional District
- PA-01
Loan Use Breakdown
- Payroll
- $2,687,905
- Rent
- $161,000
- Utilities
- $70,000
- Health Care
- $100,000
- Debt Interest
- $116,000
Lender Information
- Servicing Lender
- Manufacturers and Traders Trust Company
- Originating Lender
- Manufacturers and Traders Trust Company
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