PPP Loan information for Douglass appliance center, inc

$158,900

Douglass appliance center, inc was initially approved for PPP Loan of amount $166,700, the current approved amount is $158,900. The loan was approved on 04/10/2020 by The Salem Five Cents Savings Bank reported 13 jobs and $158,900 was used to fund payroll.

Douglass appliance center, inc is Existing or more than 2 years old

PPP Loan Search / MA / DANVERS / Douglass appliance center, inc

DOUGLASS APPLIANCE CENTER, INC

Date Approved

04/10/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

DOUGLASS APPLIANCE CENTER, INC

Borrower Address

74 HIGH ST

Borrower City

DANVERS

Borrower State

MA

Borrower Zip

01923-3148

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

166700.00

Current Approval Amount

158900.00

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

DANVERS

Project County Name

ESSEX

Project State

MA

Project Zip

01923-3148

CD

MA-06

Jobs Reported

13

NAICS Code

443141

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

158900.00

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

160290.38

Forgiveness Date

03/02/2021

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