AXEL PLASTICS RESEARCH LABORATORIES, INC. (CT) - 2020 PPP Loan Borrower Profile (# 5022617004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AXEL PLASTICS RESEARCH LABORATORIES, INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Connecticut.

Loan Detail

Loan Number

5022617004

SBA Office Code

0156

Processing Method

PPP

Curent Loan Amount

$514,294

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$517,196.59

Date Loan was Forgiven

Nov 20, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

491,759

Health Care Proceed

22,535

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

325998

Borrower Location

MONROE, CT

Project Location

MONROE, CT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.