PPP Loan information for Adax machine co., inc

$196,500

Adax machine co., inc was initially approved for PPP Loan of amount $196,500, the current approved amount is $196,500. The loan was approved on 04/03/2020 by The Merrimack County Savings Bank reported 16 jobs and $196,500 was used to fund payroll.

Adax machine co., inc is Existing or more than 2 years old

PPP Loan Search / NH / HUDSON / Adax machine co., inc

ADAX MACHINE CO., INC

Date Approved

04/03/2020

SBA Office Code

0189

Processing Method

PPP

Borrower Name

ADAX MACHINE CO., INC

Borrower Address

5 FLAGSTONE DR

Borrower City

HUDSON

Borrower State

NH

Borrower Zip

03051-4905

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

196500.00

Current Approval Amount

196500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

42989

Servicing Lender Name

Merrimack County Savings Bank

Servicing Lender Address

89 N Main St

Servicing Lender City

CONCORD

Servicing Lender State

NH

Servicing Lender Zip

03301-4935

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HUDSON

Project County Name

HILLSBOROUGH

Project State

NH

Project Zip

03051-4905

CD

NH-02

Jobs Reported

16

NAICS Code

332313

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

196500.00

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

Corporation

Originating Lender Location Id

42989

Originating Lender

Merrimack County Savings Bank

Originating Lender City

CONCORD

Originating Lender State

NH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

197942.79

Forgiveness Date

01/11/2021

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