PPP Loan information for Davco security systems inc

$482,500

Davco security systems inc was initially approved for PPP Loan of amount $482,500, the current approved amount is $482,500. The loan was approved on 04/07/2020 by The Salem Five Cents Savings Bank reported 35 jobs and $482,500 was used to fund payroll.

Davco security systems inc is Existing or more than 2 years old

PPP Loan Search / MA / SAUGUS / Davco security systems inc

DAVCO SECURITY SYSTEMS INC

Date Approved

04/07/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

DAVCO SECURITY SYSTEMS INC

Borrower Address

4 WEBB PL

Borrower City

SAUGUS

Borrower State

MA

Borrower Zip

01906-2327

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

482500.00

Current Approval Amount

482500.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAUGUS

Project County Name

ESSEX

Project State

MA

Project Zip

01906-2327

CD

MA-06

Jobs Reported

35

NAICS Code

541611

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

482500.00

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

Sole Proprietorship

Originating Lender Location Id

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

486587.85

Forgiveness Date

02/17/2021

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