PPP Loan information for Labminds inc.

$212,651

Labminds inc. was initially approved for PPP Loan of amount $212,651, the current approved amount is $212,651. The loan was approved on 04/12/2020 by The Cambridge Trust Company reported 13 jobs and $212,651 was used to fund payroll.

Labminds inc. is Existing or more than 2 years old

LABMINDS INC.

Date Approved

04/12/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

LABMINDS INC.

Borrower Address

285 Washington Street

Borrower City

Somerville

Borrower State

MA

Borrower Zip

02460

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

212651.00

Current Approval Amount

212651.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32708

Servicing Lender Name

Cambridge Trust Company

Servicing Lender Address

1336 Massachusetts Ave

Servicing Lender City

CAMBRIDGE

Servicing Lender State

MA

Servicing Lender Zip

02138-3842

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Somerville

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02460-0001

CD

MA-04

Jobs Reported

13

NAICS Code

541715

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

212651.00

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

32708

Originating Lender

Cambridge Trust Company

Originating Lender City

CAMBRIDGE

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

214281.32

Forgiveness Date

01/25/2021

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