PPP Loan information for Arco welding supply co

$230,000

Arco welding supply co was initially approved for PPP Loan of amount $230,000, the current approved amount is $230,000. The loan was approved on 04/07/2020 by The Salem Five Cents Savings Bank reported 22 jobs and $230,000 was used to fund payroll.

Arco welding supply co is Existing or more than 2 years old

PPP Loan Search / MA / MALDEN / Arco welding supply co

ARCO WELDING SUPPLY CO

Date Approved

04/07/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

ARCO WELDING SUPPLY CO

Borrower Address

1200 EASTERN AVE

Borrower City

MALDEN

Borrower State

MA

Borrower Zip

02148-6110

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

230000.00

Current Approval Amount

230000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33304

Servicing Lender Name

Salem Five Cents Savings Bank

Servicing Lender Address

210 Essex St

Servicing Lender City

SALEM

Servicing Lender State

MA

Servicing Lender Zip

01970-3705

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MALDEN

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02148-6110

CD

MA-05

Jobs Reported

22

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

230000.00

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

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

231993.33

Forgiveness Date

02/25/2021

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