PPP Loan information for Business and professional exchange inc

$297,650

Business and professional exchange inc was initially approved for PPP Loan of amount $429,767, the current approved amount is $297,650. The loan was approved on 04/13/2020 by The Eastern Bank reported 59 jobs and $297,650 was used to fund payroll.

Business and professional exchange inc is Existing or more than 2 years old

PPP Loan Search / MA / BEVERLY / Business and professional exchange inc

BUSINESS AND PROFESSIONAL EXCHANGE INC

Date Approved

04/13/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

BUSINESS AND PROFESSIONAL EXCHANGE INC

Borrower Address

100 CUMMINGS CTR

Borrower City

BEVERLY

Borrower State

MA

Borrower Zip

01915-6100

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

429767.00

Current Approval Amount

297650.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32987

Servicing Lender Name

Eastern Bank

Servicing Lender Address

265 Franklin St

Servicing Lender City

BOSTON

Servicing Lender State

MA

Servicing Lender Zip

02110-3113

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BEVERLY

Project County Name

ESSEX

Project State

MA

Project Zip

01915-6100

CD

MA-06

Jobs Reported

59

NAICS Code

561422

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

297650.00

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

32987

Originating Lender

Eastern Bank

Originating Lender City

BOSTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

301296.21

Forgiveness Date

07/09/2021

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