PPP Loan information for Patel bros. corporation

$118,850

Patel bros. corporation was initially approved for PPP Loan of amount $118,850, the current approved amount is $118,850. The loan was approved on 01/27/2021 by The New Valley Bank & Trust reported 39 jobs and $118,850 was used to fund payroll.

Patel bros. corporation is Existing or more than 2 years old

PPP Loan Search / MA / West Springfield / Patel bros. corporation

PATEL BROS. CORPORATION

Date Approved

01/27/2021

SBA Office Code

0130

Processing Method

PPS

Borrower Name

PATEL BROS. CORPORATION

Borrower Address

437 Riverdale St

Borrower City

West Springfield

Borrower State

MA

Borrower Zip

01089-4625

Loan Status Date

01/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

118849.50

Current Approval Amount

118849.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

526572

Servicing Lender Name

New Valley Bank & Trust

Servicing Lender Address

One Monarch Place Suite 910

Servicing Lender City

Springfield

Servicing Lender State

MA

Servicing Lender Zip

01144

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

West Springfield

Project County Name

HAMPDEN

Project State

MA

Project Zip

01089-4625

CD

MA-01

Jobs Reported

39

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

118849.50

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

526572

Originating Lender

New Valley Bank & Trust

Originating Lender City

Springfield

Originating Lender State

MA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

119865.42

Forgiveness Date

12/14/2021

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