PPP Loan information for Ericson construction

$220,675

Ericson construction was initially approved for PPP Loan of amount $247,750, the current approved amount is $220,675. The loan was approved on 04/13/2020 by The Eastern Bank reported 12 jobs and $220,675 was used to fund payroll.

Ericson construction is New Business or 2 years or less

ERICSON CONSTRUCTION

Date Approved

04/13/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

ERICSON CONSTRUCTION

Borrower Address

176 DAYTON ST

Borrower City

DANVERS

Borrower State

MA

Borrower Zip

01923-1019

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

247750.00

Current Approval Amount

220675.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32987

Servicing Lender Name

Eastern Bank

Servicing Lender Address

265 Franklin St

Servicing Lender City

BOSTON

Servicing Lender State

MA

Servicing Lender Zip

02110-3113

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

DANVERS

Project County Name

ESSEX

Project State

MA

Project Zip

01923-1019

CD

MA-06

Jobs Reported

12

NAICS Code

236116

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

220675.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

32987

Originating Lender

Eastern Bank

Originating Lender City

BOSTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

223163.72

Forgiveness Date

06/08/2021

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