PPP Loan information for Spruce industries inc

$237,016

Spruce industries inc was initially approved for PPP Loan of amount $237,016, the current approved amount is $237,016. The loan was approved on 05/03/2020 by The Bank of America, National Association reported 19 jobs and $237,016 was used to fund payroll.

Spruce industries inc is New Business or 2 years or less

PPP Loan Search / NJ / RAHWAY / Spruce industries inc

SPRUCE INDUSTRIES INC

Date Approved

05/03/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

SPRUCE INDUSTRIES INC

Borrower Address

759 E LINCOLN AVE

Borrower City

RAHWAY

Borrower State

NJ

Borrower Zip

07065-5713

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

237016.00

Current Approval Amount

237016.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

RAHWAY

Project County Name

UNION

Project State

NJ

Project Zip

07065-5713

CD

NJ-07

Jobs Reported

19

NAICS Code

423850

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

237016.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

238840.70

Forgiveness Date

02/10/2021

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