PPP Loan information for Simonds inc

$280,486

Simonds inc was initially approved for PPP Loan of amount $280,486, the current approved amount is $280,486. The loan was approved on 03/03/2021 by The Cornerstone Bank reported 21 jobs and $280,486 was used to fund payroll.

Simonds inc is Existing or more than 2 years old

PPP Loan Search / MA / Southbridge / Simonds inc

SIMONDS INC

Date Approved

03/03/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

SIMONDS INC

Borrower Address

248 Elm St

Borrower City

Southbridge

Borrower State

MA

Borrower Zip

01550-2616

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

280486.42

Current Approval Amount

280486.42

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33352

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

230 Park Ave

Servicing Lender City

WORCESTER

Servicing Lender State

MA

Servicing Lender Zip

01609-1918

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Southbridge

Project County Name

WORCESTER

Project State

MA

Project Zip

01550-2616

CD

MA-01

Jobs Reported

21

NAICS Code

333249

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

280480.42

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

33352

Originating Lender

Cornerstone Bank

Originating Lender City

WORCESTER

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

281803.15

Forgiveness Date

08/23/2021

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