PPP Loan information for Demaich industries inc

$157,034

Demaich industries inc was initially approved for PPP Loan of amount $157,034, the current approved amount is $157,034. The loan was approved on 04/27/2020 by The Bank Rhode Island reported 16 jobs and $157,034 was used to fund payroll.

Demaich industries inc is Existing or more than 2 years old

PPP Loan Search / RI / JOHNSTON / Demaich industries inc

DEMAICH INDUSTRIES INC

Date Approved

04/27/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

DEMAICH INDUSTRIES INC

Borrower Address

70 MILL ST

Borrower City

JOHNSTON

Borrower State

RI

Borrower Zip

02919-6251

Loan Status Date

05/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

157034.00

Current Approval Amount

157034.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

120245

Servicing Lender Name

Bank Rhode Island

Servicing Lender Address

One Turks Head Place

Servicing Lender City

PROVIDENCE

Servicing Lender State

RI

Servicing Lender Zip

02903-2219

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

JOHNSTON

Project County Name

PROVIDENCE

Project State

RI

Project Zip

02919-6251

CD

RI-02

Jobs Reported

16

NAICS Code

332116

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

157034.00

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

Subchapter S Corporation

Originating Lender Location Id

120245

Originating Lender

Bank Rhode Island

Originating Lender City

PROVIDENCE

Originating Lender State

RI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

158495.29

Forgiveness Date

04/08/2021

;