PPP Loan information for Polar mechanical inc.

$154,763

Polar mechanical inc. was initially approved for PPP Loan of amount $154,763, the current approved amount is $154,763. The loan was approved on 02/02/2021 by The Cornerstone Bank reported 13 jobs and $154,763 was used to fund payroll.

Polar mechanical inc. is Existing or more than 2 years old

PPP Loan Search / MA / Charlton / Polar mechanical inc.

POLAR MECHANICAL INC.

Date Approved

02/02/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

POLAR MECHANICAL INC.

Borrower Address

37 Knollwood Dr

Borrower City

Charlton

Borrower State

MA

Borrower Zip

01507-1814

Loan Status Date

10/13/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

154762.50

Current Approval Amount

154762.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33352

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

230 Park Ave

Servicing Lender City

WORCESTER

Servicing Lender State

MA

Servicing Lender Zip

01609-1918

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Charlton

Project County Name

WORCESTER

Project State

MA

Project Zip

01507-1814

CD

MA-01

Jobs Reported

13

NAICS Code

238990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

154762.50

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

33352

Originating Lender

Cornerstone Bank

Originating Lender City

WORCESTER

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

155652.38

Forgiveness Date

08/31/2021

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