PPP Loan information for Brake & clutch, inc.

$478,989

Brake & clutch, inc. was initially approved for PPP Loan of amount $478,798, the current approved amount is $478,989. The loan was approved on 04/07/2020 by The Eastern Bank reported 43 jobs and $478,989 was used to fund payroll.

Brake & clutch, inc. is Existing or more than 2 years old

PPP Loan Search / MA / SALEM / Brake & clutch, inc.

BRAKE & CLUTCH, INC.

Date Approved

04/07/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

BRAKE & CLUTCH, INC.

Borrower Address

63 Bridge Street

Borrower City

SALEM

Borrower State

MA

Borrower Zip

01970-4128

Loan Status Date

04/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

478798.14

Current Approval Amount

478989.24

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32987

Servicing Lender Name

Eastern Bank

Servicing Lender Address

265 Franklin St

Servicing Lender City

BOSTON

Servicing Lender State

MA

Servicing Lender Zip

02110-3113

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SALEM

Project County Name

ESSEX

Project State

MA

Project Zip

01970-4128

CD

MA-06

Jobs Reported

43

NAICS Code

441310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

478989.24

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

Professional Association

Originating Lender Location Id

32987

Originating Lender

Eastern Bank

Originating Lender City

BOSTON

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

483379.97

Forgiveness Date

03/15/2021

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