PPP Loan information for Northeast arc inc.

$8,500,400

Northeast arc inc. was initially approved for PPP Loan of amount $8,502,822, the current approved amount is $8,500,400. The loan was approved on 05/15/2021 by The Leader Bank, National Association reported 500 jobs and $8,500,400 was used to fund payroll.

Northeast arc inc. is Existing or more than 2 years old

PPP Loan Search / MA / Danvers / Northeast arc inc.

NORTHEAST ARC INC.

Date Approved

05/15/2021

SBA Office Code

0101

Processing Method

PPP

Borrower Name

NORTHEAST ARC INC.

Borrower Address

1 Southside Rd

Borrower City

Danvers

Borrower State

MA

Borrower Zip

01923-1408

Loan Status Date

03/11/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

8502822.00

Current Approval Amount

8500400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

262380

Servicing Lender Name

Leader Bank, National Association

Servicing Lender Address

180 Massachusetts Ave

Servicing Lender City

ARLINGTON

Servicing Lender State

MA

Servicing Lender Zip

02474-8448

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Danvers

Project County Name

ESSEX

Project State

MA

Project Zip

01923-1408

CD

MA-06

Jobs Reported

500

NAICS Code

623210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

8500400.00

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

262380

Originating Lender

Leader Bank, National Association

Originating Lender City

ARLINGTON

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

8554197.05

Forgiveness Date

02/15/2022

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