PPP Loan information for Powers music school

$250,000

Powers music school was initially approved for PPP Loan of amount $250,000, the current approved amount is $250,000. The loan was approved on 02/17/2021 by The Cambridge Savings Bank reported 76 jobs and $250,000 was used to fund payroll.

Powers music school is Existing or more than 2 years old

PPP Loan Search / MA / Belmont / Powers music school

POWERS MUSIC SCHOOL

Date Approved

02/17/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

POWERS MUSIC SCHOOL

Borrower Address

396 Concord Ave

Borrower City

Belmont

Borrower State

MA

Borrower Zip

02478-3032

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

250000.00

Current Approval Amount

250000.00

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

Belmont

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02478-3032

CD

MA-05

Jobs Reported

76

NAICS Code

611610

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

250000.00

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

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

251849.32

Forgiveness Date

11/16/2021

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