PPP Loan information for Merrimac spool & reel co., inc.

$295,000

Merrimac spool & reel co., inc. was initially approved for PPP Loan of amount $295,000, the current approved amount is $295,000. The loan was approved on 04/08/2020 by The Pentucket Bank reported 26 jobs and $295,000 was used to fund payroll.

Merrimac spool & reel co., inc. is Existing or more than 2 years old

PPP Loan Search / MA / HAVERHILL / Merrimac spool & reel co., inc.

MERRIMAC SPOOL & REEL CO., INC.

Date Approved

04/08/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MERRIMAC SPOOL & REEL CO., INC.

Borrower Address

203 ESSEX ST

Borrower City

HAVERHILL

Borrower State

MA

Borrower Zip

01832-5540

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

295000.00

Current Approval Amount

295000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32855

Servicing Lender Name

Pentucket Bank

Servicing Lender Address

1 Merrimack St

Servicing Lender City

HAVERHILL

Servicing Lender State

MA

Servicing Lender Zip

01830-6231

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HAVERHILL

Project County Name

ESSEX

Project State

MA

Project Zip

01832-5540

CD

MA-03

Jobs Reported

26

NAICS Code

339920

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

24585.35

Payroll Proceed

221250.00

Mortgage Interest Proceed

24582.35

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

24582.30

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

32855

Originating Lender

Pentucket Bank

Originating Lender City

HAVERHILL

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

296729.03

Forgiveness Date

11/19/2020

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