PPP Loan information for Algar construction corp

$2,387,336

Algar construction corp was initially approved for PPP Loan of amount $2,387,336, the current approved amount is $2,387,336. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 105 jobs and $2,387,336 was used to fund payroll.

Algar construction corp is New Business or 2 years or less

PPP Loan Search / MA / Brockton / Algar construction corp

ALGAR CONSTRUCTION CORP

Date Approved

05/01/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

ALGAR CONSTRUCTION CORP

Borrower Address

40 Meadowbrook Rd

Borrower City

Brockton

Borrower State

MA

Borrower Zip

02301

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2387336.00

Current Approval Amount

2387336.00

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

Brockton

Project County Name

PLYMOUTH

Project State

MA

Project Zip

02301-0001

CD

MA-08

Jobs Reported

105

NAICS Code

238110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2387336.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2413629.40

Forgiveness Date

06/11/2021

;