PPP Loan information for Torromeo industries inc

$1,061,930

Torromeo industries inc was initially approved for PPP Loan of amount $1,061,930, the current approved amount is $1,061,930. The loan was approved on 07/31/2020 by The Avidia Bank reported 50 jobs and $1,061,930 was used to fund payroll.

Torromeo industries inc is Existing or more than 2 years old

PPP Loan Search / MA / METHUEN / Torromeo industries inc

TORROMEO INDUSTRIES INC

Date Approved

07/31/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

TORROMEO INDUSTRIES INC

Borrower Address

33 OLD FERRY RD

Borrower City

METHUEN

Borrower State

MA

Borrower Zip

01844-4101

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1061930.00

Current Approval Amount

1061930.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32883

Servicing Lender Name

Avidia Bank

Servicing Lender Address

42 Main St

Servicing Lender City

HUDSON

Servicing Lender State

MA

Servicing Lender Zip

01749-2123

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

METHUEN

Project County Name

ESSEX

Project State

MA

Project Zip

01844-4101

CD

MA-03

Jobs Reported

50

NAICS Code

327310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1061930.00

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

Corporation

Originating Lender Location Id

32883

Originating Lender

Avidia Bank

Originating Lender City

HUDSON

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1068124.59

Forgiveness Date

03/01/2021

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