PPP Loan information for Karam insurance agency, inc

$41,200

Karam insurance agency, inc was initially approved for PPP Loan of amount $41,200, the current approved amount is $41,200. The loan was approved on 04/03/2020 by The Mechanics Cooperative Bank reported 4 jobs and $41,200 was used to fund payroll.

Karam insurance agency, inc is Existing or more than 2 years old

PPP Loan Search / MA / FALL RIVER / Karam insurance agency, inc

KARAM INSURANCE AGENCY, INC

Date Approved

04/03/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

KARAM INSURANCE AGENCY, INC

Borrower Address

456 Rock Street

Borrower City

FALL RIVER

Borrower State

MA

Borrower Zip

02720-3343

Loan Status Date

12/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

41200.00

Current Approval Amount

41200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89240

Servicing Lender Name

Mechanics Cooperative Bank

Servicing Lender Address

308 Bay St

Servicing Lender City

TAUNTON

Servicing Lender State

MA

Servicing Lender Zip

02780-1834

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FALL RIVER

Project County Name

BRISTOL

Project State

MA

Project Zip

02720-3343

CD

MA-04

Jobs Reported

4

NAICS Code

524210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

2000.00

Payroll Proceed

34400.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

4800.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

89240

Originating Lender

Mechanics Cooperative Bank

Originating Lender City

TAUNTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

41436.90

Forgiveness Date

11/05/2020

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