PPP Loan information for J & l welding and machine, inc

$312,500

J & l welding and machine, inc was initially approved for PPP Loan of amount $312,500, the current approved amount is $312,500. The loan was approved on 04/04/2020 by The Cape Ann Savings Bank reported 25 jobs and $312,500 was used to fund payroll.

J & l welding and machine, inc is Existing or more than 2 years old

PPP Loan Search / MA / GLOUCESTER / J & l welding and machine, inc

J & L WELDING AND MACHINE, INC

Date Approved

04/04/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

J & L WELDING AND MACHINE, INC

Borrower Address

19 ARTHUR ST

Borrower City

GLOUCESTER

Borrower State

MA

Borrower Zip

01930-2736

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

312500.00

Current Approval Amount

312500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32738

Servicing Lender Name

Cape Ann Savings Bank

Servicing Lender Address

109 Main St

Servicing Lender City

GLOUCESTER

Servicing Lender State

MA

Servicing Lender Zip

01930-5701

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GLOUCESTER

Project County Name

ESSEX

Project State

MA

Project Zip

01930-2736

CD

MA-06

Jobs Reported

25

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

312500.00

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

32738

Originating Lender

Cape Ann Savings Bank

Originating Lender City

GLOUCESTER

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

315182.29

Forgiveness Date

02/19/2021

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