PPP Loan information for Erlab, inc

$309,300

Erlab, inc was initially approved for PPP Loan of amount $341,700, the current approved amount is $309,300. The loan was approved on 04/08/2020 by The Salem Five Cents Savings Bank reported 18 jobs and $309,300 was used to fund payroll.

Erlab, inc is Existing or more than 2 years old

PPP Loan Search / MA / ROWLEY / Erlab, inc

ERLAB, INC

Date Approved

04/08/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

ERLAB, INC

Borrower Address

388 NEWBURYPORT TPKE

Borrower City

ROWLEY

Borrower State

MA

Borrower Zip

01969-1746

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

341700.00

Current Approval Amount

309300.00

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

ROWLEY

Project County Name

ESSEX

Project State

MA

Project Zip

01969-1746

CD

MA-06

Jobs Reported

18

NAICS Code

423490

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

309300.00

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

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

311782.99

Forgiveness Date

02/04/2021

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