PPP Loan information for Garment machinery company, inc.

$171,500

Garment machinery company, inc. was initially approved for PPP Loan of amount $188,500, the current approved amount is $171,500. The loan was approved on 04/04/2020 by The Needham Bank reported 12 jobs and $171,500 was used to fund payroll.

Garment machinery company, inc. is Existing or more than 2 years old

PPP Loan Search / MA / NEEDHAM HEIGHTS / Garment machinery company, inc.

GARMENT MACHINERY COMPANY, INC.

Date Approved

04/04/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

GARMENT MACHINERY COMPANY, INC.

Borrower Address

220 RESERVOIR ST

Borrower City

NEEDHAM HEIGHTS

Borrower State

MA

Borrower Zip

02494-3132

Loan Status Date

03/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

188500.00

Current Approval Amount

171500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89236

Servicing Lender Name

Needham Bank

Servicing Lender Address

1063 Great Plain Ave

Servicing Lender City

NEEDHAM

Servicing Lender State

MA

Servicing Lender Zip

02492-2302

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEEDHAM HEIGHTS

Project County Name

NORFOLK

Project State

MA

Project Zip

02494-3132

CD

MA-04

Jobs Reported

12

NAICS Code

423850

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

171500.00

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

89236

Originating Lender

Needham Bank

Originating Lender City

NEEDHAM

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

172381.32

Forgiveness Date

11/03/2020

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