PPP Loan information for Innovative process solutions, inc.

$243,970

Innovative process solutions, inc. was initially approved for PPP Loan of amount $243,970, the current approved amount is $243,970. The loan was approved on 04/28/2020 by The Middlesex Savings Bank reported 11 jobs and $243,970 was used to fund payroll.

Innovative process solutions, inc. is Existing or more than 2 years old

PPP Loan Search / MA / WALTHAM / Innovative process solutions, inc.

INNOVATIVE PROCESS SOLUTIONS, INC.

Date Approved

04/28/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

INNOVATIVE PROCESS SOLUTIONS, INC.

Borrower Address

307 WAVERLEY OAKS RD SUITE 203

Borrower City

WALTHAM

Borrower State

MA

Borrower Zip

02452-8413

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

243970.00

Current Approval Amount

243970.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33108

Servicing Lender Name

Middlesex Savings Bank

Servicing Lender Address

6 Main St

Servicing Lender City

NATICK

Servicing Lender State

MA

Servicing Lender Zip

01760-4506

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WALTHAM

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02452-8413

CD

MA-05

Jobs Reported

11

NAICS Code

541330

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

24397.00

Payroll Proceed

195176.00

Mortgage Interest Proceed

24397.00

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

33108

Originating Lender

Middlesex Savings Bank

Originating Lender City

NATICK

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

245562.58

Forgiveness Date

12/22/2020

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