PPP Loan information for New england restaurant associates inc.

$480,627

New england restaurant associates inc. was initially approved for PPP Loan of amount $480,627, the current approved amount is $480,627. The loan was approved on 02/04/2021 by The Cambridge Savings Bank reported 54 jobs and $480,627 was used to fund payroll.

New england restaurant associates inc. is Existing or more than 2 years old

PPP Loan Search / MA / Westminster / New england restaurant associates inc.

NEW ENGLAND RESTAURANT ASSOCIATES INC.

Date Approved

02/04/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

NEW ENGLAND RESTAURANT ASSOCIATES INC.

Borrower Address

69 State Rd E

Borrower City

Westminster

Borrower State

MA

Borrower Zip

01473

Loan Status Date

01/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

480627.00

Current Approval Amount

480627.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32698

Servicing Lender Name

Cambridge Savings Bank

Servicing Lender Address

1374 Massachusetts Ave

Servicing Lender City

CAMBRIDGE

Servicing Lender State

MA

Servicing Lender Zip

02138-3822

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Westminster

Project County Name

WORCESTER

Project State

MA

Project Zip

01473

CD

MA-03

Jobs Reported

54

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

480624.00

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

Subchapter S Corporation

Originating Lender Location Id

32698

Originating Lender

Cambridge Savings Bank

Originating Lender City

CAMBRIDGE

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

484774.88

Forgiveness Date

12/20/2021

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