PPP Loan information for Asap drains inc

$228,000

Asap drains inc was initially approved for PPP Loan of amount $228,000, the current approved amount is $228,000. The loan was approved on 04/14/2020 by The Salem Five Cents Savings Bank reported 17 jobs and $228,000 was used to fund payroll.

Asap drains inc is Existing or more than 2 years old

PPP Loan Search / MA / SALEM / Asap drains inc

ASAP DRAINS INC

Date Approved

04/14/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

ASAP DRAINS INC

Borrower Address

405 A ESSEX ST

Borrower City

SALEM

Borrower State

MA

Borrower Zip

01970-3155

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

228000.00

Current Approval Amount

228000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33304

Servicing Lender Name

Salem Five Cents Savings Bank

Servicing Lender Address

210 Essex St

Servicing Lender City

SALEM

Servicing Lender State

MA

Servicing Lender Zip

01970-3705

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SALEM

Project County Name

ESSEX

Project State

MA

Project Zip

01970-3155

CD

MA-06

Jobs Reported

17

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

228000.00

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

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

229862.00

Forgiveness Date

02/11/2021

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