PPP Loan information for Beijing palace of swampscott inc

$186,294

Beijing palace of swampscott inc was initially approved for PPP Loan of amount $186,294, the current approved amount is $186,294. The loan was approved on 03/24/2021 by The New Valley Bank & Trust reported 44 jobs and $186,294 was used to fund payroll.

Beijing palace of swampscott inc is Existing or more than 2 years old

PPP Loan Search / MA / Swampscott / Beijing palace of swampscott inc

BEIJING PALACE OF SWAMPSCOTT INC

Date Approved

03/24/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

BEIJING PALACE OF SWAMPSCOTT INC

Borrower Address

430 Paradise Rd

Borrower City

Swampscott

Borrower State

MA

Borrower Zip

01907-1354

Loan Status Date

01/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

186293.69

Current Approval Amount

186293.69

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

526572

Servicing Lender Name

New Valley Bank & Trust

Servicing Lender Address

One Monarch Place Suite 910

Servicing Lender City

Springfield

Servicing Lender State

MA

Servicing Lender Zip

01144

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Swampscott

Project County Name

ESSEX

Project State

MA

Project Zip

01907-1354

CD

MA-06

Jobs Reported

44

NAICS Code

722513

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

186291.69

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

526572

Originating Lender

New Valley Bank & Trust

Originating Lender City

Springfield

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

187717.69

Forgiveness Date

01/03/2022

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