PPP Loan information for Welfab, inc.

$368,200

Welfab, inc. was initially approved for PPP Loan of amount $368,200, the current approved amount is $368,200. The loan was approved on 04/28/2020 by The Enterprise Bank and Trust Company reported 36 jobs and $368,200 was used to fund payroll.

Welfab, inc. is Existing or more than 2 years old

PPP Loan Search / MA / NORTH BILLERICA / Welfab, inc.

WELFAB, INC.

Date Approved

04/28/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

WELFAB, INC.

Borrower Address

100 RANGEWAY RD

Borrower City

NORTH BILLERICA

Borrower State

MA

Borrower Zip

01862-2133

Loan Status Date

08/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

368200.00

Current Approval Amount

368200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112598

Servicing Lender Name

Enterprise Bank and Trust Company

Servicing Lender Address

222 Merrimack St

Servicing Lender City

LOWELL

Servicing Lender State

MA

Servicing Lender Zip

01852-5913

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NORTH BILLERICA

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01862-2133

CD

MA-03

Jobs Reported

36

NAICS Code

332322

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

16900.00

Payroll Proceed

307000.00

Mortgage Interest Proceed

0.00

Rent Proceed

28800.00

Refinance EIDL Proceed

0.00

Health Care Proceed

15500.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

112598

Originating Lender

Enterprise Bank and Trust Company

Originating Lender City

LOWELL

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

372505.89

Forgiveness Date

07/02/2021

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