PPP Loan information for Desai & sons, inc.

$62,540

Desai & sons, inc. was initially approved for PPP Loan of amount $62,540, the current approved amount is $62,540. The loan was approved on 04/13/2020 by The Savers Co-Operative Bank reported 10 jobs and $62,540 was used to fund payroll.

Desai & sons, inc. is Existing or more than 2 years old

PPP Loan Search / MA / WEST SPRINGFIELD / Desai & sons, inc.

DESAI & SONS, INC.

Date Approved

04/13/2020

SBA Office Code

0130

Processing Method

PPP

Borrower Name

DESAI & SONS, INC.

Borrower Address

1533 ELM ST

Borrower City

WEST SPRINGFIELD

Borrower State

MA

Borrower Zip

01089-1807

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

62540.00

Current Approval Amount

62540.00

Undisbursed Amount

0.00

Franchise Name

Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels

Servicing Lender Location Id

89242

Servicing Lender Name

Savers Co-Operative Bank

Servicing Lender Address

270 Main St

Servicing Lender City

SOUTHBRIDGE

Servicing Lender State

MA

Servicing Lender Zip

01550-2553

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WEST SPRINGFIELD

Project County Name

HAMPDEN

Project State

MA

Project Zip

01089-1807

CD

MA-01

Jobs Reported

10

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

62540.00

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

89242

Originating Lender

Savers Co-Operative Bank

Originating Lender City

SOUTHBRIDGE

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

63247.64

Forgiveness Date

06/08/2021

;