PPP Loan information for Gem auto parts co inc

$854,355

Gem auto parts co inc was initially approved for PPP Loan of amount $854,355, the current approved amount is $854,355. The loan was approved on 01/26/2021 by The Santander Bank, National Association reported 90 jobs and $854,355 was used to fund payroll.

Gem auto parts co inc is Existing or more than 2 years old

PPP Loan Search / MA / Chelsea / Gem auto parts co inc

GEM AUTO PARTS CO INC

Date Approved

01/26/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

GEM AUTO PARTS CO INC

Borrower Address

7 Griffin Way

Borrower City

Chelsea

Borrower State

MA

Borrower Zip

02150-3335

Loan Status Date

01/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

854355.00

Current Approval Amount

854355.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

84894

Servicing Lender Name

Santander Bank, National Association

Servicing Lender Address

824 N Market St, Ste 100

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-4937

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Chelsea

Project County Name

SUFFOLK

Project State

MA

Project Zip

02150-3335

CD

MA-07

Jobs Reported

90

NAICS Code

444130

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

854353.00

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

84894

Originating Lender

Santander Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

861681.39

Forgiveness Date

12/07/2021

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