Megatran Industries INC

$3,928,800 PPP Loan in Bordentown, New Jersey

Loan Details

Loan Number
9898637100
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$3,928,800
Current Approval
$3,928,800
Forgiveness Amount
$3,973,362
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Megatran Industries INC
Address
312 Rising Sun Road
ZIP Code
08505
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333249)
Business Age
Existing or more than 2 years old
Jobs Reported
302
Estimated Revenue
$79.1M
Rural/Urban
Urban
Congressional District
NJ-03

Loan Use Breakdown

Payroll
$3,278,800
Utilities
$150,000
Health Care
$500,000

Lender Information

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

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