PPP Loan information for Tracer technologies inc.

$625,000

Tracer technologies inc. was initially approved for PPP Loan of amount $625,000, the current approved amount is $625,000. The loan was approved on 04/15/2020 by The Cambridge Trust Company reported 50 jobs and $625,000 was used to fund payroll.

Tracer technologies inc. is Existing or more than 2 years old

PPP Loan Search / MA / SOMERVILLE / Tracer technologies inc.

TRACER TECHNOLOGIES INC.

Date Approved

04/15/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

TRACER TECHNOLOGIES INC.

Borrower Address

20 Assembly Square Dr

Borrower City

SOMERVILLE

Borrower State

MA

Borrower Zip

02145-1307

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

625000.00

Current Approval Amount

625000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32708

Servicing Lender Name

Cambridge Trust Company

Servicing Lender Address

1336 Massachusetts Ave

Servicing Lender City

CAMBRIDGE

Servicing Lender State

MA

Servicing Lender Zip

02138-3842

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SOMERVILLE

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02145-1307

CD

MA-07

Jobs Reported

50

NAICS Code

335912

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

69437.00

Payroll Proceed

476525.00

Mortgage Interest Proceed

0.00

Rent Proceed

79038.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

32708

Originating Lender

Cambridge Trust Company

Originating Lender City

CAMBRIDGE

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

629340.28

Forgiveness Date

12/31/2020

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