PPP Loan information for Precision elastomers inc

$270,700

Precision elastomers inc was initially approved for PPP Loan of amount $270,700, the current approved amount is $270,700. The loan was approved on 04/07/2020 by The Salem Five Cents Savings Bank reported 25 jobs and $270,700 was used to fund payroll.

Precision elastomers inc is Existing or more than 2 years old

PPP Loan Search / MA / IPSWICH / Precision elastomers inc

PRECISION ELASTOMERS INC

Date Approved

04/07/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

PRECISION ELASTOMERS INC

Borrower Address

19 HAYWARD ST

Borrower City

IPSWICH

Borrower State

MA

Borrower Zip

01938-2044

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

270700.00

Current Approval Amount

270700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33304

Servicing Lender Name

Salem Five Cents Savings Bank

Servicing Lender Address

210 Essex St

Servicing Lender City

SALEM

Servicing Lender State

MA

Servicing Lender Zip

01970-3705

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

IPSWICH

Project County Name

ESSEX

Project State

MA

Project Zip

01938-2044

CD

MA-06

Jobs Reported

25

NAICS Code

325212

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

270700.00

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

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

272843.04

Forgiveness Date

01/28/2021

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