PPP Loan information for Somerville community corporation

$273,251

Somerville community corporation was initially approved for PPP Loan of amount $273,251, the current approved amount is $273,251. The loan was approved on 04/15/2020 by The Winter Hill Bank, FSB reported 14 jobs and $273,251 was used to fund payroll.

Somerville community corporation is Existing or more than 2 years old

PPP Loan Search / MA / SOMERVILLE / Somerville community corporation

SOMERVILLE COMMUNITY CORPORATION

Date Approved

04/15/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

SOMERVILLE COMMUNITY CORPORATION

Borrower Address

337 SOMERVILLE AVE

Borrower City

SOMERVILLE

Borrower State

MA

Borrower Zip

02143-2914

Loan Status Date

02/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

273250.62

Current Approval Amount

273250.62

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

78858

Servicing Lender Name

Winter Hill Bank, FSB

Servicing Lender Address

342 Broadway

Servicing Lender City

SOMERVILLE

Servicing Lender State

MA

Servicing Lender Zip

02145-2808

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SOMERVILLE

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02143-2914

CD

MA-07

Jobs Reported

14

NAICS Code

624229

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

218600.50

Mortgage Interest Proceed

54650.12

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

78858

Originating Lender

Winter Hill Bank, FSB

Originating Lender City

SOMERVILLE

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

275580.84

Forgiveness Date

02/25/2021

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