Coronet Machinery Corp.

$424,215 PPP Loan in Bethel, Connecticut

Loan Details

Loan Number
8146507110
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$424,215
Current Approval
$424,215
Forgiveness Amount
$426,586
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Coronet Machinery Corp.
Address
8 Trowbridge Drive
City
Bethel
ZIP Code
06801
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
50
Estimated Revenue
$12.2M
Rural/Urban
Urban
Congressional District
CT-05

Loan Use Breakdown

Payroll
$362,950
Rent
$20,000
Utilities
$10,000
Health Care
$31,265

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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