PPP Loan information for Lynn community health inc.

$7,750,000

Lynn community health inc. was initially approved for PPP Loan of amount $7,750,000, the current approved amount is $7,750,000. The loan was approved on 04/01/2021 by The Cambridge Savings Bank reported 500 jobs and $7,750,000 was used to fund payroll.

Lynn community health inc. is Existing or more than 2 years old

PPP Loan Search / MA / Lynn / Lynn community health inc.

LYNN COMMUNITY HEALTH INC.

Date Approved

04/01/2021

SBA Office Code

0101

Processing Method

PPP

Borrower Name

LYNN COMMUNITY HEALTH INC.

Borrower Address

269 Union St

Borrower City

Lynn

Borrower State

MA

Borrower Zip

01901-1314

Loan Status Date

08/03/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

7750000.00

Current Approval Amount

7750000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32698

Servicing Lender Name

Cambridge Savings Bank

Servicing Lender Address

1374 Massachusetts Ave

Servicing Lender City

CAMBRIDGE

Servicing Lender State

MA

Servicing Lender Zip

02138-3822

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

01901-1314

CD

MA-06

Jobs Reported

500

NAICS Code

621498

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

7749997.00

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

Non-Profit Organization

Originating Lender Location Id

32698

Originating Lender

Cambridge Savings Bank

Originating Lender City

CAMBRIDGE

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

7845972.60

Forgiveness Date

07/05/2022

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