PPP Loan information for Stanhope framers inc

$225,109

Stanhope framers inc was initially approved for PPP Loan of amount $225,109, the current approved amount is $225,109. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 21 jobs and $225,109 was used to fund payroll.

Stanhope framers inc is New Business or 2 years or less

PPP Loan Search / MA / SOMERVILLE / Stanhope framers inc

STANHOPE FRAMERS INC

Date Approved

05/01/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

STANHOPE FRAMERS INC

Borrower Address

55 BOW ST

Borrower City

SOMERVILLE

Borrower State

MA

Borrower Zip

02143-2938

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

225109.00

Current Approval Amount

225109.00

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

N

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

02143-2938

CD

MA-07

Jobs Reported

21

NAICS Code

811490

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

225109.00

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

227452.60

Forgiveness Date

05/20/2021

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