PPP Loan information for Nerac inc.

$444,608

Nerac inc. was initially approved for PPP Loan of amount $444,608, the current approved amount is $444,608. The loan was approved on 01/23/2021 by The New Valley Bank & Trust reported 22 jobs and $444,608 was used to fund payroll.

Nerac inc. is Existing or more than 2 years old

PPP Loan Search / CT / Tolland / Nerac inc.

NERAC INC.

Date Approved

01/23/2021

SBA Office Code

0156

Processing Method

PPS

Borrower Name

NERAC INC.

Borrower Address

1 Technology Dr

Borrower City

Tolland

Borrower State

CT

Borrower Zip

06084-3902

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

444607.50

Current Approval Amount

444607.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

526572

Servicing Lender Name

New Valley Bank & Trust

Servicing Lender Address

One Monarch Place Suite 910

Servicing Lender City

Springfield

Servicing Lender State

MA

Servicing Lender Zip

01144

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Tolland

Project County Name

TOLLAND

Project State

CT

Project Zip

06084-3902

CD

CT-02

Jobs Reported

22

NAICS Code

541715

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

444605.50

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

526572

Originating Lender

New Valley Bank & Trust

Originating Lender City

Springfield

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

447275.15

Forgiveness Date

09/07/2021

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