American Custom Drying

$627,037 PPP Loan in Burlington, New Jersey

Loan Details

Loan Number
8831077110
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$627,037
Current Approval
$627,037
Forgiveness Amount
$631,572
Forgiveness Date
Jan 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
American Custom Drying
Address
109 Elbow Lane
ZIP Code
08016
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (311514)
Business Age
Existing or more than 2 years old
Jobs Reported
45
Estimated Revenue
$15.9M
Rural/Urban
Urban
Congressional District
NJ-03

Loan Use Breakdown

Payroll
$417,000
Utilities
$120,000
Health Care
$72,000
Mortgage Interest
$18,037

Lender Information

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

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