PPP Loan information for Gerardo's italian bakery inc

$372,013

Gerardo's italian bakery inc was initially approved for PPP Loan of amount $372,013, the current approved amount is $372,013. The loan was approved on 02/02/2021 by The Cornerstone Bank reported 48 jobs and $372,013 was used to fund payroll.

Gerardo's italian bakery inc is Existing or more than 2 years old

PPP Loan Search / MA / West Boylston / Gerardo's italian bakery inc

GERARDO'S ITALIAN BAKERY INC

Date Approved

02/02/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

GERARDO'S ITALIAN BAKERY INC

Borrower Address

339 W Boylston St

Borrower City

West Boylston

Borrower State

MA

Borrower Zip

01583-2374

Loan Status Date

01/22/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

372012.50

Current Approval Amount

372012.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33352

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

230 Park Ave

Servicing Lender City

WORCESTER

Servicing Lender State

MA

Servicing Lender Zip

01609-1918

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

West Boylston

Project County Name

WORCESTER

Project State

MA

Project Zip

01583-2374

CD

MA-02

Jobs Reported

48

NAICS Code

445291

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

372007.50

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

33352

Originating Lender

Cornerstone Bank

Originating Lender City

WORCESTER

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

375091.94

Forgiveness Date

12/06/2021

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