PPP Loan information for Somerville-cambridge elder services, inc.

$1,725,950

Somerville-cambridge elder services, inc. was initially approved for PPP Loan of amount $1,725,950, the current approved amount is $1,725,950. The loan was approved on 04/27/2020 by The Cambridge Trust Company reported 147 jobs and $1,725,950 was used to fund payroll.

Somerville-cambridge elder services, inc. is New Business or 2 years or less

PPP Loan Search / MA / Somerville / Somerville-cambridge elder services, inc.

SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC.

Date Approved

04/27/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

SOMERVILLE-CAMBRIDGE ELDER SERVICES, INC.

Borrower Address

61 Medford St

Borrower City

Somerville

Borrower State

MA

Borrower Zip

02143

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1725949.58

Current Approval Amount

1725949.58

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32708

Servicing Lender Name

Cambridge Trust Company

Servicing Lender Address

1336 Massachusetts Ave

Servicing Lender City

CAMBRIDGE

Servicing Lender State

MA

Servicing Lender Zip

02138-3842

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

Somerville

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02143-0001

CD

MA-07

Jobs Reported

147

NAICS Code

624120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

8000.00

Payroll Proceed

1613566.24

Mortgage Interest Proceed

0.00

Rent Proceed

104383.34

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

32708

Originating Lender

Cambridge Trust Company

Originating Lender City

CAMBRIDGE

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1738318.89

Forgiveness Date

01/20/2021

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