PPP Loan information for Coating systems inc

$656,000

Coating systems inc was initially approved for PPP Loan of amount $656,000, the current approved amount is $656,000. The loan was approved on 04/07/2020 by The Salem Co-operative Bank reported 66 jobs and $656,000 was used to fund payroll.

Coating systems inc is Existing or more than 2 years old

PPP Loan Search / MA / LOWELL / Coating systems inc

COATING SYSTEMS INC

Date Approved

04/07/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

COATING SYSTEMS INC

Borrower Address

90 PHOENIX AVE

Borrower City

LOWELL

Borrower State

MA

Borrower Zip

01852-4929

Loan Status Date

04/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

656000.00

Current Approval Amount

656000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

78004

Servicing Lender Name

Salem Co-operative Bank

Servicing Lender Address

3 S Broadway

Servicing Lender City

SALEM

Servicing Lender State

NH

Servicing Lender Zip

03079-3005

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LOWELL

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01852-4929

CD

MA-03

Jobs Reported

66

NAICS Code

332812

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

656000.00

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

78004

Originating Lender

Salem Co-operative Bank

Originating Lender City

SALEM

Originating Lender State

NH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

662092.71

Forgiveness Date

03/15/2021

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