PPP Loan information for Design mechanical inc

$659,635

Design mechanical inc was initially approved for PPP Loan of amount $813,865, the current approved amount is $659,635. The loan was approved on 04/07/2020 by The Eastern Bank reported 62 jobs and $659,635 was used to fund payroll.

Design mechanical inc is Existing or more than 2 years old

PPP Loan Search / MA / GEORGETOWN / Design mechanical inc

DESIGN MECHANICAL INC

Date Approved

04/07/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

DESIGN MECHANICAL INC

Borrower Address

70 Tenney Street

Borrower City

GEORGETOWN

Borrower State

MA

Borrower Zip

01833-1820

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

813865.00

Current Approval Amount

659635.00

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

GEORGETOWN

Project County Name

ESSEX

Project State

MA

Project Zip

01833-1820

CD

MA-06

Jobs Reported

62

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

659635.00

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

32987

Originating Lender

Eastern Bank

Originating Lender City

BOSTON

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

667587.27

Forgiveness Date

06/24/2021

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