PPP Loan information for Electro-term inc

$360,400

Electro-term inc was initially approved for PPP Loan of amount $360,400, the current approved amount is $360,400. The loan was approved on 04/07/2020 by The Berkshire Bank reported 38 jobs and $360,400 was used to fund payroll.

Electro-term inc is Existing or more than 2 years old

PPP Loan Search / MA / SPRINGFIELD / Electro-term inc

ELECTRO-TERM INC

Date Approved

04/07/2020

SBA Office Code

0130

Processing Method

PPP

Borrower Name

ELECTRO-TERM INC

Borrower Address

50 WAREHOUSE ST

Borrower City

SPRINGFIELD

Borrower State

MA

Borrower Zip

01118-1058

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

360400.00

Current Approval Amount

360400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33209

Servicing Lender Name

Berkshire Bank

Servicing Lender Address

99 North St

Servicing Lender City

PITTSFIELD

Servicing Lender State

MA

Servicing Lender Zip

01201-5114

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPRINGFIELD

Project County Name

HAMPDEN

Project State

MA

Project Zip

01118-1058

CD

MA-01

Jobs Reported

38

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

360400.00

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

33209

Originating Lender

Berkshire Bank

Originating Lender City

PITTSFIELD

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

363441.18

Forgiveness Date

03/08/2021

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