PPP Loan information for New england golf cars inc

$385,700

New england golf cars inc was initially approved for PPP Loan of amount $385,700, the current approved amount is $385,700. The loan was approved on 04/04/2020 by The Mechanics Cooperative Bank reported 33 jobs and $385,700 was used to fund payroll.

New england golf cars inc is Existing or more than 2 years old

PPP Loan Search / MA / SEEKONK / New england golf cars inc

NEW ENGLAND GOLF CARS INC

Date Approved

04/04/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

NEW ENGLAND GOLF CARS INC

Borrower Address

62 INDUSTRIAL WAY

Borrower City

SEEKONK

Borrower State

MA

Borrower Zip

02771-2012

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

385700.00

Current Approval Amount

385700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89240

Servicing Lender Name

Mechanics Cooperative Bank

Servicing Lender Address

308 Bay St

Servicing Lender City

TAUNTON

Servicing Lender State

MA

Servicing Lender Zip

02780-1834

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SEEKONK

Project County Name

BRISTOL

Project State

MA

Project Zip

02771-2012

CD

MA-04

Jobs Reported

33

NAICS Code

423910

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

8700.00

Payroll Proceed

277200.00

Mortgage Interest Proceed

0.00

Rent Proceed

39700.00

Refinance EIDL Proceed

0.00

Health Care Proceed

31500.00

Debt Interest Proceed

28600

Business Type

Subchapter S Corporation

Originating Lender Location Id

89240

Originating Lender

Mechanics Cooperative Bank

Originating Lender City

TAUNTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

390639.10

Forgiveness Date

07/20/2021

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