PPP Loan information for Lutco bearings inc

$273,215

Lutco bearings inc was initially approved for PPP Loan of amount $273,215, the current approved amount is $273,215. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 20 jobs and $273,215 was used to fund payroll.

Lutco bearings inc is New Business or 2 years or less

PPP Loan Search / MA / Worcester / Lutco bearings inc

LUTCO BEARINGS INC

Date Approved

05/01/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

LUTCO BEARINGS INC

Borrower Address

677 Cambridge St

Borrower City

Worcester

Borrower State

MA

Borrower Zip

01610

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

273215.00

Current Approval Amount

273215.00

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

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

Worcester

Project County Name

WORCESTER

Project State

MA

Project Zip

01610-1000

CD

MA-02

Jobs Reported

20

NAICS Code

332721

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

273215.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

274996.51

Forgiveness Date

12/30/2020

;