PPP Loan information for Channel building company, inc.

$233,600

Channel building company, inc. was initially approved for PPP Loan of amount $233,600, the current approved amount is $233,600. The loan was approved on 04/11/2020 by The The Lowell Five Cent Savings Bank reported 10 jobs and $233,600 was used to fund payroll.

Channel building company, inc. is Existing or more than 2 years old

PPP Loan Search / MA / WILMINGTON / Channel building company, inc.

CHANNEL BUILDING COMPANY, INC.

Date Approved

04/11/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

CHANNEL BUILDING COMPANY, INC.

Borrower Address

355 MIDDLESEX AVE

Borrower City

WILMINGTON

Borrower State

MA

Borrower Zip

01887-2133

Loan Status Date

08/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

233600.00

Current Approval Amount

233600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32962

Servicing Lender Name

The Lowell Five Cent Savings Bank

Servicing Lender Address

34 John St

Servicing Lender City

LOWELL

Servicing Lender State

MA

Servicing Lender Zip

01852-1107

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WILMINGTON

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01887-2133

CD

MA-06

Jobs Reported

10

NAICS Code

236220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3630.00

Payroll Proceed

194963.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

11178.00

Debt Interest Proceed

3829

Business Type

Subchapter S Corporation

Originating Lender Location Id

32962

Originating Lender

The Lowell Five Cent Savings Bank

Originating Lender City

LOWELL

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

236531.20

Forgiveness Date

07/19/2021

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