PPP Loan information for Fram auto corp

$47,885

Fram auto corp was initially approved for PPP Loan of amount $47,885, the current approved amount is $47,885. The loan was approved on 03/10/2021 by The Salem Co-operative Bank reported 9 jobs and $47,885 was used to fund payroll.

Fram auto corp is Existing or more than 2 years old

PPP Loan Search / MA / Methuen / Fram auto corp

FRAM AUTO CORP

Date Approved

03/10/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

FRAM AUTO CORP

Borrower Address

5 Walton Ave

Borrower City

Methuen

Borrower State

MA

Borrower Zip

01844-6427

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

47885.00

Current Approval Amount

47885.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

78004

Servicing Lender Name

Salem Co-operative Bank

Servicing Lender Address

3 S Broadway

Servicing Lender City

SALEM

Servicing Lender State

NH

Servicing Lender Zip

03079-3005

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Methuen

Project County Name

ESSEX

Project State

MA

Project Zip

01844-6427

CD

MA-03

Jobs Reported

9

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

47882.00

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

78004

Originating Lender

Salem Co-operative Bank

Originating Lender City

SALEM

Originating Lender State

NH

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

48113.27

Forgiveness Date

09/07/2021

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