PPP Loan information for Gerardos italian bakery inc.

$372,000

Gerardos italian bakery inc. was initially approved for PPP Loan of amount $372,000, the current approved amount is $372,000. The loan was approved on 04/03/2020 by The Cornerstone Bank reported 43 jobs and $372,000 was used to fund payroll.

Gerardos italian bakery inc. is Existing or more than 2 years old

PPP Loan Search / MA / WEST BOYLSTON / Gerardos italian bakery inc.

GERARDOS ITALIAN BAKERY INC.

Date Approved

04/03/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

GERARDOS ITALIAN BAKERY INC.

Borrower Address

339 BOYLSTON ST

Borrower City

WEST BOYLSTON

Borrower State

MA

Borrower Zip

01583-2340

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

372000.00

Current Approval Amount

372000.00

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

01583-2340

CD

MA-02

Jobs Reported

43

NAICS Code

311811

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

372000.00

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

33352

Originating Lender

Cornerstone Bank

Originating Lender City

WORCESTER

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

376340.00

Forgiveness Date

06/22/2021

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