PPP Loan information for Initial management corp.

$118,700

Initial management corp. was initially approved for PPP Loan of amount $118,700, the current approved amount is $118,700. The loan was approved on 04/09/2020 by The New Valley Bank & Trust reported 11 jobs and $118,700 was used to fund payroll.

Initial management corp. is Existing or more than 2 years old

PPP Loan Search / MA / PALMER / Initial management corp.

INITIAL MANAGEMENT CORP.

Date Approved

04/09/2020

SBA Office Code

0130

Processing Method

PPP

Borrower Name

INITIAL MANAGEMENT CORP.

Borrower Address

1465 MAIN ST

Borrower City

PALMER

Borrower State

MA

Borrower Zip

01069-1226

Loan Status Date

04/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

118700.00

Current Approval Amount

118700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

526572

Servicing Lender Name

New Valley Bank & Trust

Servicing Lender Address

One Monarch Place Suite 910

Servicing Lender City

Springfield

Servicing Lender State

MA

Servicing Lender Zip

01144

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PALMER

Project County Name

HAMPDEN

Project State

MA

Project Zip

01069-1226

CD

MA-01

Jobs Reported

11

NAICS Code

561110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

118700.00

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

526572

Originating Lender

New Valley Bank & Trust

Originating Lender City

Springfield

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

119834.97

Forgiveness Date

03/25/2021

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