U.s. Axle, Inc.

$559,037 PPP Loan in Pottstown, Pennsylvania

Loan Details

Loan Number
8361637106
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$559,037
Current Approval
$559,037
Forgiveness Amount
$563,785
Forgiveness Date
Feb 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
U.s. Axle, Inc.
Address
275 Shoemaker Road
ZIP Code
19464
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
34
Estimated Revenue
$8.3M
Rural/Urban
Urban
Congressional District
PA-04

Loan Use Breakdown

Payroll
$364,037
Rent
$45,000
Utilities
$20,000
Health Care
$125,000
Debt Interest
$5,000

Lender Information

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

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