PPP Loan information for Todd tool & abrasive systems, inc.

$195,400

Todd tool & abrasive systems, inc. was initially approved for PPP Loan of amount $207,100, the current approved amount is $195,400. The loan was approved on 04/11/2020 by The Salem Five Cents Savings Bank reported 11 jobs and $195,400 was used to fund payroll.

Todd tool & abrasive systems, inc. is New Business or 2 years or less

PPP Loan Search / MA / IPSWICH / Todd tool & abrasive systems, inc.

TODD TOOL & ABRASIVE SYSTEMS, INC.

Date Approved

04/11/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

TODD TOOL & ABRASIVE SYSTEMS, INC.

Borrower Address

56 TURNPIKE RD

Borrower City

IPSWICH

Borrower State

MA

Borrower Zip

01938-1050

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

207100.00

Current Approval Amount

195400.00

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

New Business or 2 years or less

Project City

IPSWICH

Project County Name

ESSEX

Project State

MA

Project Zip

01938-1050

CD

MA-06

Jobs Reported

11

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

195400.00

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

196952.34

Forgiveness Date

02/02/2021

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