PPP Loan information for Frommelt equipment company, inc

$493,900

Frommelt equipment company, inc was initially approved for PPP Loan of amount $538,700, the current approved amount is $493,900. The loan was approved on 04/14/2020 by The Salem Five Cents Savings Bank reported 27 jobs and $493,900 was used to fund payroll.

Frommelt equipment company, inc is Existing or more than 2 years old

PPP Loan Search / MA / NORTH READING / Frommelt equipment company, inc

FROMMELT EQUIPMENT COMPANY, INC

Date Approved

04/14/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

FROMMELT EQUIPMENT COMPANY, INC

Borrower Address

184 MAIN ST PO Box 10

Borrower City

NORTH READING

Borrower State

MA

Borrower Zip

01864-3115

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

538700.00

Current Approval Amount

493900.00

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

NORTH READING

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01864-3115

CD

MA-06

Jobs Reported

27

NAICS Code

444190

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

493900.00

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

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

497947.24

Forgiveness Date

02/11/2021

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