PPP Loan information for Methods machine tools inc

$7,468,113

Methods machine tools inc was initially approved for PPP Loan of amount $7,468,113, the current approved amount is $7,468,113. The loan was approved on 04/15/2020 by The Bank of America, National Association reported 323 jobs and $7,468,113 was used to fund payroll.

Methods machine tools inc is Unanswered

PPP Loan Search / MA / SUDBURY / Methods machine tools inc

METHODS MACHINE TOOLS INC

Date Approved

04/15/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

METHODS MACHINE TOOLS INC

Borrower Address

65 Union Ave

Borrower City

SUDBURY

Borrower State

MA

Borrower Zip

01776-2277

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

7468112.50

Current Approval Amount

7468112.50

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

Unanswered

Project City

SUDBURY

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01776-2277

CD

MA-05

Jobs Reported

323

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

7468112.50

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

7553842.34

Forgiveness Date

06/11/2021

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