PPP Loan information for Element care inc

$3,125,000

Element care inc was initially approved for PPP Loan of amount $3,125,000, the current approved amount is $3,125,000. The loan was approved on 04/13/2020 by The Eastern Bank reported 250 jobs and $3,125,000 was used to fund payroll.

Element care inc is Existing or more than 2 years old

PPP Loan Search / MA / LYNN / Element care inc

ELEMENT CARE INC

Date Approved

04/13/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

ELEMENT CARE INC

Borrower Address

37 Friend Street

Borrower City

LYNN

Borrower State

MA

Borrower Zip

01902-3016

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3125000.00

Current Approval Amount

3125000.00

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

LYNN

Project County Name

ESSEX

Project State

MA

Project Zip

01902-3016

CD

MA-06

Jobs Reported

250

NAICS Code

624120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3125000.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3160677.08

Forgiveness Date

06/09/2021

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