PPP Loan information for Garment machinery company inc.

$174,446

Garment machinery company inc. was initially approved for PPP Loan of amount $174,446, the current approved amount is $174,446. The loan was approved on 02/11/2021 by The Needham Bank reported 15 jobs and $174,446 was used to fund payroll.

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

PPP Loan Search / MA / Needham / Garment machinery company inc.

GARMENT MACHINERY COMPANY INC.

Date Approved

02/11/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

GARMENT MACHINERY COMPANY INC.

Borrower Address

220 Reservoir St

Borrower City

Needham

Borrower State

MA

Borrower Zip

02494-3149

Loan Status Date

10/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

174446.05

Current Approval Amount

174446.05

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Needham

Project County Name

NORFOLK

Project State

MA

Project Zip

02494-3149

CD

MA-04

Jobs Reported

15

NAICS Code

423850

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

174446.05

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

175269.82

Forgiveness Date

08/10/2021

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