PPP Loan information for Boston conveyor and automation, inc.

$522,028

Boston conveyor and automation, inc. was initially approved for PPP Loan of amount $481,200, the current approved amount is $522,028. The loan was approved on 04/05/2020 by The Salem Five Cents Savings Bank reported 32 jobs and $522,028 was used to fund payroll.

Boston conveyor and automation, inc. is Existing or more than 2 years old

PPP Loan Search / MA / NEWBURYPORT / Boston conveyor and automation, inc.

BOSTON CONVEYOR AND AUTOMATION, INC.

Date Approved

04/05/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

BOSTON CONVEYOR AND AUTOMATION, INC.

Borrower Address

7 Opportunity Way

Borrower City

NEWBURYPORT

Borrower State

MA

Borrower Zip

01950-4044

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

481200.00

Current Approval Amount

522028.00

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

Existing or more than 2 years old

Project City

NEWBURYPORT

Project County Name

ESSEX

Project State

MA

Project Zip

01950-4044

CD

MA-06

Jobs Reported

32

NAICS Code

333922

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

522028.00

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

526392.73

Forgiveness Date

02/11/2021

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