PPP Loan information for New england recycling company inc

$749,500

New england recycling company inc was initially approved for PPP Loan of amount $749,300, the current approved amount is $749,500. The loan was approved on 04/03/2020 by The Mechanics Cooperative Bank reported 61 jobs and $749,500 was used to fund payroll.

New england recycling company inc is Existing or more than 2 years old

PPP Loan Search / MA / TAUNTON / New england recycling company inc

NEW ENGLAND RECYCLING COMPANY INC

Date Approved

04/03/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

NEW ENGLAND RECYCLING COMPANY INC

Borrower Address

490 Winthrop St

Borrower City

TAUNTON

Borrower State

MA

Borrower Zip

02780-2185

Loan Status Date

12/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

749300.00

Current Approval Amount

749500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89240

Servicing Lender Name

Mechanics Cooperative Bank

Servicing Lender Address

308 Bay St

Servicing Lender City

TAUNTON

Servicing Lender State

MA

Servicing Lender Zip

02780-1834

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TAUNTON

Project County Name

BRISTOL

Project State

MA

Project Zip

02780-2185

CD

MA-04

Jobs Reported

61

NAICS Code

562920

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

30000.00

Payroll Proceed

600000.00

Mortgage Interest Proceed

0.00

Rent Proceed

70000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20000.00

Debt Interest Proceed

29500

Business Type

Corporation

Originating Lender Location Id

89240

Originating Lender

Mechanics Cooperative Bank

Originating Lender City

TAUNTON

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

754101.10

Forgiveness Date

11/23/2020

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