PPP Loan information for Commonwealth cycles inc

$257,335

Commonwealth cycles inc was initially approved for PPP Loan of amount $257,335, the current approved amount is $257,335. The loan was approved on 03/10/2021 by The Brookline Bank reported 16 jobs and $257,335 was used to fund payroll.

Commonwealth cycles inc is Existing or more than 2 years old

PPP Loan Search / MA / Beverly / Commonwealth cycles inc

COMMONWEALTH CYCLES INC

Date Approved

03/10/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

COMMONWEALTH CYCLES INC

Borrower Address

107 Brimbal Ave

Borrower City

Beverly

Borrower State

MA

Borrower Zip

01915-1952

Loan Status Date

11/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

257335.00

Current Approval Amount

257335.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32688

Servicing Lender Name

Brookline Bank

Servicing Lender Address

2 Harvard St

Servicing Lender City

BROOKLINE

Servicing Lender State

MA

Servicing Lender Zip

02445-7905

Rural Urban Indicator

U

Hubzone Indicator

N

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

01915-1952

CD

MA-06

Jobs Reported

16

NAICS Code

453998

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

257332.00

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

32688

Originating Lender

Brookline Bank

Originating Lender City

BROOKLINE

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

258764.64

Forgiveness Date

10/06/2021

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