PPP Loan information for Formulatrix, inc

$1,251,712

Formulatrix, inc was initially approved for PPP Loan of amount $1,251,712, the current approved amount is $1,251,712. The loan was approved on 04/07/2020 by The Manufacturers and Traders Trust Company reported 50 jobs and $1,251,712 was used to fund payroll.

Formulatrix, inc is Existing or more than 2 years old

PPP Loan Search / MA / BEDFORD / Formulatrix, inc

FORMULATRIX, INC

Date Approved

04/07/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

FORMULATRIX, INC

Borrower Address

10 DeAngelo Dr

Borrower City

BEDFORD

Borrower State

MA

Borrower Zip

01730-2204

Loan Status Date

08/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1251712.00

Current Approval Amount

1251712.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BEDFORD

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01730-2204

CD

MA-06

Jobs Reported

50

NAICS Code

334516

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1251712.00

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

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1267589.88

Forgiveness Date

07/28/2021

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