PPP Loan information for Old saugus restaurant, inc.

$404,039

Old saugus restaurant, inc. was initially approved for PPP Loan of amount $404,039, the current approved amount is $404,039. The loan was approved on 04/07/2020 by The Eastern Bank reported 56 jobs and $404,039 was used to fund payroll.

Old saugus restaurant, inc. is Existing or more than 2 years old

PPP Loan Search / MA / SAUGUS / Old saugus restaurant, inc.

OLD SAUGUS RESTAURANT, INC.

Date Approved

04/07/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

OLD SAUGUS RESTAURANT, INC.

Borrower Address

114 BROADWAY

Borrower City

SAUGUS

Borrower State

MA

Borrower Zip

01906-1027

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

404039.00

Current Approval Amount

404039.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32987

Servicing Lender Name

Eastern Bank

Servicing Lender Address

265 Franklin St

Servicing Lender City

BOSTON

Servicing Lender State

MA

Servicing Lender Zip

02110-3113

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAUGUS

Project County Name

ESSEX

Project State

MA

Project Zip

01906-1027

CD

MA-06

Jobs Reported

56

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

404039.00

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

32987

Originating Lender

Eastern Bank

Originating Lender City

BOSTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

406777.49

Forgiveness Date

12/17/2020

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