PPP Loan information for Gear/tronics inc.

$270,000

Gear/tronics inc. was initially approved for PPP Loan of amount $270,000, the current approved amount is $270,000. The loan was approved on 01/31/2021 by The Enterprise Bank and Trust Company reported 22 jobs and $270,000 was used to fund payroll.

Gear/tronics inc. is Existing or more than 2 years old

PPP Loan Search / MA / North Billerica / Gear/tronics inc.

GEAR/TRONICS INC.

Date Approved

01/31/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

GEAR/TRONICS INC.

Borrower Address

100 Chelmsford Rd

Borrower City

North Billerica

Borrower State

MA

Borrower Zip

01862-1328

Loan Status Date

11/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

270000.00

Current Approval Amount

270000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112598

Servicing Lender Name

Enterprise Bank and Trust Company

Servicing Lender Address

222 Merrimack St

Servicing Lender City

LOWELL

Servicing Lender State

MA

Servicing Lender Zip

01852-5913

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

North Billerica

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01862-1328

CD

MA-03

Jobs Reported

22

NAICS Code

333612

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

269998.00

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

112598

Originating Lender

Enterprise Bank and Trust Company

Originating Lender City

LOWELL

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

271942.50

Forgiveness Date

10/26/2021

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