PPP Loan information for Materials development corp

$266,850

Materials development corp was initially approved for PPP Loan of amount $266,850, the current approved amount is $266,850. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 19 jobs and $266,850 was used to fund payroll.

Materials development corp is Existing or more than 2 years old

PPP Loan Search / MA / ANDOVER / Materials development corp

MATERIALS DEVELOPMENT CORP

Date Approved

05/01/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MATERIALS DEVELOPMENT CORP

Borrower Address

10 LOWELL JUNCTION RD

Borrower City

ANDOVER

Borrower State

MA

Borrower Zip

01810-5906

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

266850.00

Current Approval Amount

266850.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ANDOVER

Project County Name

ESSEX

Project State

MA

Project Zip

01810-5906

CD

MA-06

Jobs Reported

19

NAICS Code

325998

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

266850.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

263353.41

Forgiveness Date

11/24/2020

;