PPP Loan information for Hero coatings

$100,000

Hero coatings was initially approved for PPP Loan of amount $100,000, the current approved amount is $100,000. The loan was approved on 04/28/2020 by The Loan Source Incorporated reported 8 jobs and $100,000 was used to fund payroll.

Hero coatings is Existing or more than 2 years old

HERO COATINGS

Date Approved

04/28/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

HERO COATINGS

Borrower Address

13 Malcolm Hoyt Drive

Borrower City

Newburyport

Borrower State

MA

Borrower Zip

01950-4017

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

100000.00

Current Approval Amount

100000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newburyport

Project County Name

ESSEX

Project State

MA

Project Zip

01950-4017

CD

MA-06

Jobs Reported

8

NAICS Code

325520

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

100000.00

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

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

100687.67

Forgiveness Date

01/12/2021

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