PPP Loan information for Lechmere rug inc

$71,592

Lechmere rug inc was initially approved for PPP Loan of amount $71,592, the current approved amount is $71,592. The loan was approved on 03/18/2021 by The East Cambridge Savings Bank reported 5 jobs and $71,592 was used to fund payroll.

Lechmere rug inc is Existing or more than 2 years old

PPP Loan Search / MA / Cambridge / Lechmere rug inc

LECHMERE RUG INC

Date Approved

03/18/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

LECHMERE RUG INC

Borrower Address

200 Monsignor Obrien Hwy

Borrower City

Cambridge

Borrower State

MA

Borrower Zip

02141-1243

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

71592.00

Current Approval Amount

71592.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32730

Servicing Lender Name

East Cambridge Savings Bank

Servicing Lender Address

292 Cambridge St

Servicing Lender City

CAMBRIDGE

Servicing Lender State

MA

Servicing Lender Zip

02141-1203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cambridge

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02141-1243

CD

MA-07

Jobs Reported

5

NAICS Code

442210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

71590.00

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

32730

Originating Lender

East Cambridge Savings Bank

Originating Lender City

CAMBRIDGE

Originating Lender State

MA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

71825.41

Forgiveness Date

07/27/2021

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