PPP Loan information for Lavelle machine & tool company, inc.

$440,387

Lavelle machine & tool company, inc. was initially approved for PPP Loan of amount $440,387, the current approved amount is $440,387. The loan was approved on 04/08/2020 by The The Lowell Five Cent Savings Bank reported 42 jobs and $440,387 was used to fund payroll.

Lavelle machine & tool company, inc. is Existing or more than 2 years old

PPP Loan Search / MA / WESTFORD / Lavelle machine & tool company, inc.

LAVELLE MACHINE & TOOL COMPANY, INC.

Date Approved

04/08/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

LAVELLE MACHINE & TOOL COMPANY, INC.

Borrower Address

485 Groton Road

Borrower City

WESTFORD

Borrower State

MA

Borrower Zip

01886-1149

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

440387.00

Current Approval Amount

440387.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32962

Servicing Lender Name

The Lowell Five Cent Savings Bank

Servicing Lender Address

34 John St

Servicing Lender City

LOWELL

Servicing Lender State

MA

Servicing Lender Zip

01852-1107

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WESTFORD

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01886-1149

CD

MA-03

Jobs Reported

42

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

12043.38

Payroll Proceed

374843.00

Mortgage Interest Proceed

0.00

Rent Proceed

26000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

27500.62

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

32962

Originating Lender

The Lowell Five Cent Savings Bank

Originating Lender City

LOWELL

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

442824.21

Forgiveness Date

11/03/2020

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