PPP Loan information for Eastern bearings inc

$2,650,365

Eastern bearings inc was initially approved for PPP Loan of amount $2,650,365, the current approved amount is $2,650,365. The loan was approved on 04/15/2020 by The Bank of America, National Association reported 153 jobs and $2,650,365 was used to fund payroll.

Eastern bearings inc is Unanswered

PPP Loan Search / MA / WALTHAM / Eastern bearings inc

EASTERN BEARINGS INC

Date Approved

04/15/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

EASTERN BEARINGS INC

Borrower Address

158 Lexington St

Borrower City

WALTHAM

Borrower State

MA

Borrower Zip

02452

Loan Status Date

06/16/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2650365.00

Current Approval Amount

2650365.00

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

N

HLMI Indicator

N

Business Age Description

Unanswered

Project City

WALTHAM

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02452-0055

CD

MA-05

Jobs Reported

153

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2650365.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2393133.25

Forgiveness Date

06/23/2021

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