PPP Loan information for Solution it inc

$916,082

Solution it inc was initially approved for PPP Loan of amount $916,082, the current approved amount is $916,082. The loan was approved on 02/17/2021 by The Reading Co-Operative Bank reported 43 jobs and $916,082 was used to fund payroll.

Solution it inc is Existing or more than 2 years old

PPP Loan Search / MA / Wilmington / Solution it inc

SOLUTION IT INC

Date Approved

02/17/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

SOLUTION IT INC

Borrower Address

60E Concord St

Borrower City

Wilmington

Borrower State

MA

Borrower Zip

01887-2179

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

916082.12

Current Approval Amount

916082.12

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89358

Servicing Lender Name

Reading Co-Operative Bank

Servicing Lender Address

180 Haven St

Servicing Lender City

READING

Servicing Lender State

MA

Servicing Lender Zip

01867-2921

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wilmington

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01887-2179

CD

MA-06

Jobs Reported

43

NAICS Code

561990

Race

American Indian or Alaska Native

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

916080.12

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

89358

Originating Lender

Reading Co-Operative Bank

Originating Lender City

READING

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

921069.68

Forgiveness Date

09/07/2021

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