PPP Loan information for Mega-power, inc.

$411,400

Mega-power, inc. was initially approved for PPP Loan of amount $411,400, the current approved amount is $411,400. The loan was approved on 04/14/2020 by The Middlesex Savings Bank reported 20 jobs and $411,400 was used to fund payroll.

Mega-power, inc. is Existing or more than 2 years old

PPP Loan Search / MA / NEWTON UPPER FALLS / Mega-power, inc.

MEGA-POWER, INC.

Date Approved

04/14/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MEGA-POWER, INC.

Borrower Address

44 Oak Street

Borrower City

NEWTON UPPER FALLS

Borrower State

MA

Borrower Zip

02464-1461

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

411400.00

Current Approval Amount

411400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33108

Servicing Lender Name

Middlesex Savings Bank

Servicing Lender Address

6 Main St

Servicing Lender City

NATICK

Servicing Lender State

MA

Servicing Lender Zip

01760-4506

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEWTON UPPER FALLS

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02464-1422

CD

MA-04

Jobs Reported

20

NAICS Code

423610

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9500.00

Payroll Proceed

329120.00

Mortgage Interest Proceed

0.00

Rent Proceed

72780.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

33108

Originating Lender

Middlesex Savings Bank

Originating Lender City

NATICK

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

413891.26

Forgiveness Date

11/23/2020

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