PPP Loan information for Stanmar, inc

$1,487,500

Stanmar, inc was initially approved for PPP Loan of amount $1,487,500, the current approved amount is $1,487,500. The loan was approved on 04/07/2020 by The Salem Five Cents Savings Bank reported 78 jobs and $1,487,500 was used to fund payroll.

Stanmar, inc is Existing or more than 2 years old

PPP Loan Search / MA / WAYLAND / Stanmar, inc

STANMAR, INC

Date Approved

04/07/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

STANMAR, INC

Borrower Address

321 COMMONWEALTH RD

Borrower City

WAYLAND

Borrower State

MA

Borrower Zip

01778-5005

Loan Status Date

08/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1487500.00

Current Approval Amount

1487500.00

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

WAYLAND

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01778-5005

CD

MA-05

Jobs Reported

78

NAICS Code

236210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1487500.00

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

1506754.86

Forgiveness Date

07/28/2021

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