ARCH SEWING MACHINE CO INC (PA) - 2020 PPP Loan Borrower Profile (# 6725057700)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARCH SEWING MACHINE CO 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 Pennsylvania.

Loan Detail

Loan Number

6725057700

SBA Office Code

0303

Processing Method

PPP

Curent Loan Amount

$50,100

Date Loan was Approved

May 1, 2020

Amount Forgiven

$50,539.77

Date Loan was Forgiven

Mar 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

50,100

Lender

PNC Bank, National Association

Business Detail

Business Type

Corporation

NAICS

811412

Borrower Location

PHILADELPHIA, PA

Project Location

PHILADELPHIA, PA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.