AKRON BEARING COMPANY (OH) - 2020 PPP Loan Borrower Profile (# 2594167209)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AKRON BEARING COMPANY. 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 Ohio.

Loan Detail

Loan Number

2594167209

SBA Office Code

0549

Processing Method

PPP

Curent Loan Amount

$350,510

Date Loan was Approved

Apr 16, 2020

Amount Forgiven

$354,049.96

Date Loan was Forgiven

Apr 26, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,600

Payroll Proced

294,316

Mortgage Interest Proceed

Rent Proceed

25,000

Refinance EIDL Proceed

Health Care Proceed

24,594

Debt Interest Proceed

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

423840

Borrower Location

Akron, OH

Project Location

Akron, OH

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.