PPP Loan information for Merrimack valley systems, inc.

$872,500

Merrimack valley systems, inc. was initially approved for PPP Loan of amount $872,500, the current approved amount is $872,500. The loan was approved on 04/14/2020 by The Enterprise Bank and Trust Company reported 93 jobs and $872,500 was used to fund payroll.

Merrimack valley systems, inc. is Existing or more than 2 years old

MERRIMACK VALLEY SYSTEMS, INC.

Date Approved

04/14/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MERRIMACK VALLEY SYSTEMS, INC.

Borrower Address

15 AEGEAN DR, Unit 3

Borrower City

METHUEN

Borrower State

MA

Borrower Zip

01844-1558

Loan Status Date

10/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

872500.00

Current Approval Amount

872500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112598

Servicing Lender Name

Enterprise Bank and Trust Company

Servicing Lender Address

222 Merrimack St

Servicing Lender City

LOWELL

Servicing Lender State

MA

Servicing Lender Zip

01852-5913

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

METHUEN

Project County Name

ESSEX

Project State

MA

Project Zip

01844-1558

CD

MA-03

Jobs Reported

93

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

18800.00

Payroll Proceed

762800.00

Mortgage Interest Proceed

0.00

Rent Proceed

36000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

54900.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

112598

Originating Lender

Enterprise Bank and Trust Company

Originating Lender City

LOWELL

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

884593.82

Forgiveness Date

09/07/2021

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