PPP Loan information for Capone iron corporation

$830,000

Capone iron corporation was initially approved for PPP Loan of amount $830,000, the current approved amount is $830,000. The loan was approved on 01/27/2021 by The Salem Five Cents Savings Bank reported 47 jobs and $830,000 was used to fund payroll.

Capone iron corporation is Existing or more than 2 years old

PPP Loan Search / MA / Rowley / Capone iron corporation

CAPONE IRON CORPORATION

Date Approved

01/27/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

CAPONE IRON CORPORATION

Borrower Address

20 Turcotte Memorial Dr

Borrower City

Rowley

Borrower State

MA

Borrower Zip

01969-1706

Loan Status Date

03/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

830000.00

Current Approval Amount

830000.00

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

Rowley

Project County Name

ESSEX

Project State

MA

Project Zip

01969-1706

CD

MA-06

Jobs Reported

47

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

829998.00

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

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

838645.83

Forgiveness Date

02/08/2022

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