PPP Loan information for Lake contracting, inc

$301,400

Lake contracting, inc was initially approved for PPP Loan of amount $353,490, the current approved amount is $301,400. The loan was approved on 04/29/2020 by The Salem Five Cents Savings Bank reported 11 jobs and $301,400 was used to fund payroll.

Lake contracting, inc is Existing or more than 2 years old

PPP Loan Search / MA / SOMERVILLE / Lake contracting, inc

LAKE CONTRACTING, INC

Date Approved

04/29/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

LAKE CONTRACTING, INC

Borrower Address

5 MIDDLESEX AVE

Borrower City

SOMERVILLE

Borrower State

MA

Borrower Zip

02145-1102

Loan Status Date

04/22/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

353490.00

Current Approval Amount

301400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33304

Servicing Lender Name

Salem Five Cents Savings Bank

Servicing Lender Address

210 Essex St

Servicing Lender City

SALEM

Servicing Lender State

MA

Servicing Lender Zip

01970-3705

Rural Urban Indicator

U

Hubzone Indicator

Y

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

02145-1102

CD

MA-07

Jobs Reported

11

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

301400.00

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

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

304564.70

Forgiveness Date

05/21/2021

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