PPP Loan information for Able machine tool sales, inc.

$627,000

Able machine tool sales, inc. was initially approved for PPP Loan of amount $627,000, the current approved amount is $627,000. The loan was approved on 04/10/2020 by The Westfield Bank reported 30 jobs and $627,000 was used to fund payroll.

Able machine tool sales, inc. is Existing or more than 2 years old

PPP Loan Search / MA / AGAWAM / Able machine tool sales, inc.

ABLE MACHINE TOOL SALES, INC.

Date Approved

04/10/2020

SBA Office Code

0130

Processing Method

PPP

Borrower Name

ABLE MACHINE TOOL SALES, INC.

Borrower Address

253 SILVER ST

Borrower City

AGAWAM

Borrower State

MA

Borrower Zip

01001-2982

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

627000.00

Current Approval Amount

627000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33436

Servicing Lender Name

Westfield Bank

Servicing Lender Address

141 Elm St

Servicing Lender City

WESTFIELD

Servicing Lender State

MA

Servicing Lender Zip

01085-2910

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AGAWAM

Project County Name

HAMPDEN

Project State

MA

Project Zip

01001-2982

CD

MA-01

Jobs Reported

30

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

627000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

33436

Originating Lender

Westfield Bank

Originating Lender City

WESTFIELD

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

631998.58

Forgiveness Date

02/02/2021

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