PPP Loan information for Mutual development corporation

$96,800

Mutual development corporation was initially approved for PPP Loan of amount $96,800, the current approved amount is $96,800. The loan was approved on 04/03/2020 by The Centreville Bank reported 8 jobs and $96,800 was used to fund payroll.

Mutual development corporation is Existing or more than 2 years old

PPP Loan Search / RI / WEST WARWICK / Mutual development corporation

MUTUAL DEVELOPMENT CORPORATION

Date Approved

04/03/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

MUTUAL DEVELOPMENT CORPORATION

Borrower Address

1 James P Murphy Highway

Borrower City

WEST WARWICK

Borrower State

RI

Borrower Zip

02893

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

96800.00

Current Approval Amount

96800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65795

Servicing Lender Name

Centreville Bank

Servicing Lender Address

1218 Main St

Servicing Lender City

WEST WARWICK

Servicing Lender State

RI

Servicing Lender Zip

02893-4827

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WEST WARWICK

Project County Name

KENT

Project State

RI

Project Zip

02893-0001

CD

RI-02

Jobs Reported

8

NAICS Code

531311

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

96800.00

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

65795

Originating Lender

Centreville Bank

Originating Lender City

WEST WARWICK

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

97563.64

Forgiveness Date

01/25/2021

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