PPP Loan information for The element group

$446,100

The element group was initially approved for PPP Loan of amount $481,500, the current approved amount is $446,100. The loan was approved on 04/04/2020 by The Needham Bank reported 27 jobs and $446,100 was used to fund payroll.

The element group is Existing or more than 2 years old

PPP Loan Search / NH / PORTSMOUTH / The element group

THE ELEMENT GROUP

Date Approved

04/04/2020

SBA Office Code

0189

Processing Method

PPP

Borrower Name

THE ELEMENT GROUP

Borrower Address

155 BREWERY LN

Borrower City

PORTSMOUTH

Borrower State

NH

Borrower Zip

03801-4995

Loan Status Date

03/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

481500.00

Current Approval Amount

446100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89236

Servicing Lender Name

Needham Bank

Servicing Lender Address

1063 Great Plain Ave

Servicing Lender City

NEEDHAM

Servicing Lender State

MA

Servicing Lender Zip

02492-2302

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PORTSMOUTH

Project County Name

ROCKINGHAM

Project State

NH

Project Zip

03801-4995

CD

NH-01

Jobs Reported

27

NAICS Code

541310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

446100.00

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

89236

Originating Lender

Needham Bank

Originating Lender City

NEEDHAM

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

448565.94

Forgiveness Date

11/17/2020

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