PPP Loan information for Masspay inc

$818,700

Masspay inc was initially approved for PPP Loan of amount $818,700, the current approved amount is $818,700. The loan was approved on 04/06/2020 by The Salem Five Cents Savings Bank reported 58 jobs and $818,700 was used to fund payroll.

Masspay inc is Existing or more than 2 years old

PPP Loan Search / MA / BEVERLY / Masspay inc

MASSPAY INC

Date Approved

04/06/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MASSPAY INC

Borrower Address

500 CUMMINGS CTR

Borrower City

BEVERLY

Borrower State

MA

Borrower Zip

01915-6140

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

818700.00

Current Approval Amount

818700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33304

Servicing Lender Name

Salem Five Cents Savings Bank

Servicing Lender Address

210 Essex St

Servicing Lender City

SALEM

Servicing Lender State

MA

Servicing Lender Zip

01970-3705

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BEVERLY

Project County Name

ESSEX

Project State

MA

Project Zip

01915-6140

CD

MA-06

Jobs Reported

58

NAICS Code

541214

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

818700.00

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

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

825681.69

Forgiveness Date

02/17/2021

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