PPP Loan information for Ambisco

$503,500

Ambisco was initially approved for PPP Loan of amount $503,500, the current approved amount is $503,500. The loan was approved on 04/13/2020 by The Digital FCU reported 48 jobs and $503,500 was used to fund payroll.

Ambisco is Existing or more than 2 years old

PPP Loan Search / MA / SOMERVILLE / Ambisco

AMBISCO

Date Approved

04/13/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

AMBISCO

Borrower Address

55 CHESTER STREET

Borrower City

SOMERVILLE

Borrower State

MA

Borrower Zip

02144-2822

Loan Status Date

09/29/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

503500.00

Current Approval Amount

503500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

109589

Servicing Lender Name

Digital FCU

Servicing Lender Address

220 Donald Lynch Blvd

Servicing Lender City

MARLBOROUGH

Servicing Lender State

MA

Servicing Lender Zip

01752-4708

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERVILLE

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02144-2822

CD

MA-07

Jobs Reported

48

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

68000.00

Payroll Proceed

378000.00

Mortgage Interest Proceed

19000.00

Rent Proceed

26000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

12500.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

109589

Originating Lender

Digital FCU

Originating Lender City

MARLBOROUGH

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

510339.21

Forgiveness Date

08/25/2021

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