PPP Loan information for Texcel industries inc

$378,900

Texcel industries inc was initially approved for PPP Loan of amount $378,900, the current approved amount is $378,900. The loan was approved on 04/08/2020 by The Bristol County Savings Bank reported 40 jobs and $378,900 was used to fund payroll.

Texcel industries inc is Existing or more than 2 years old

PPP Loan Search / RI / CUMBERLAND / Texcel industries inc

TEXCEL INDUSTRIES INC

Date Approved

04/08/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

TEXCEL INDUSTRIES INC

Borrower Address

18 MEETING ST

Borrower City

CUMBERLAND

Borrower State

RI

Borrower Zip

02864-8323

Loan Status Date

02/09/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

378900.00

Current Approval Amount

378900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33371

Servicing Lender Name

Bristol County Savings Bank

Servicing Lender Address

29 Broadway

Servicing Lender City

TAUNTON

Servicing Lender State

MA

Servicing Lender Zip

02780-3269

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CUMBERLAND

Project County Name

PROVIDENCE

Project State

RI

Project Zip

02864-8323

CD

RI-01

Jobs Reported

40

NAICS Code

313220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20900.00

Payroll Proceed

304000.00

Mortgage Interest Proceed

20000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

34000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

33371

Originating Lender

Bristol County Savings Bank

Originating Lender City

TAUNTON

Originating Lender State

MA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

371379.83

Forgiveness Date

12/16/2020

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