PPP Loan information for Tank design inc.

$998,960

Tank design inc. was initially approved for PPP Loan of amount $998,960, the current approved amount is $998,960. The loan was approved on 02/12/2021 by The Cambridge Trust Company reported 41 jobs and $998,960 was used to fund payroll.

Tank design inc. is Existing or more than 2 years old

PPP Loan Search / MA / Somerville / Tank design inc.

TANK DESIGN INC.

Date Approved

02/12/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

TANK DESIGN INC.

Borrower Address

14 Tyler St Somerville Ma 02143-3224

Borrower City

Somerville

Borrower State

MA

Borrower Zip

02143-3224

Loan Status Date

12/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

998960.00

Current Approval Amount

998960.00

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

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

02143-3224

CD

MA-07

Jobs Reported

41

NAICS Code

541810

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

998958.00

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

Subchapter S Corporation

Originating Lender Location Id

32708

Originating Lender

Cambridge Trust Company

Originating Lender City

CAMBRIDGE

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1006535.45

Forgiveness Date

11/17/2021

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