PPP Loan information for Massdrop, inc.

$2,031,100

Massdrop, inc. was initially approved for PPP Loan of amount $2,031,100, the current approved amount is $2,031,100. The loan was approved on 04/10/2020 by The Newtek Small Business Finance, Inc. reported 56 jobs and $2,031,100 was used to fund payroll.

Massdrop, inc. is Existing or more than 2 years old

PPP Loan Search / CA / SAN FRANCISCO / Massdrop, inc.

MASSDROP, INC.

Date Approved

04/10/2020

SBA Office Code

0912

Processing Method

PPP

Borrower Name

MASSDROP, INC.

Borrower Address

710 Sansome St, Suite 100

Borrower City

SAN FRANCISCO

Borrower State

CA

Borrower Zip

94111-1704

Loan Status Date

04/14/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2031100.00

Current Approval Amount

2031100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

317954

Servicing Lender Name

Newtek Small Business Finance, Inc.

Servicing Lender Address

1981 Marcus Avenue

Servicing Lender City

LAKE SUCCESS

Servicing Lender State

NY

Servicing Lender Zip

11042

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SAN FRANCISCO

Project County Name

SAN FRANCISCO

Project State

CA

Project Zip

94111-1704

CD

CA-11

Jobs Reported

56

NAICS Code

541690

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2031100.00

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

317954

Originating Lender

Newtek Small Business Finance, Inc.

Originating Lender City

LAKE SUCCESS

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2069634.48

Forgiveness Date

03/14/2022

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