PPP Loan information for New england propeller service, inc.

$485,914

New england propeller service, inc. was initially approved for PPP Loan of amount $485,914, the current approved amount is $485,914. The loan was approved on 04/11/2020 by The Chelsea Groton Bank reported 35 jobs and $485,914 was used to fund payroll.

New england propeller service, inc. is Existing or more than 2 years old

PPP Loan Search / CT / EAST HADDAM / New england propeller service, inc.

NEW ENGLAND PROPELLER SERVICE, INC.

Date Approved

04/11/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

NEW ENGLAND PROPELLER SERVICE, INC.

Borrower Address

6 MATTHEWS DR

Borrower City

EAST HADDAM

Borrower State

CT

Borrower Zip

06423-1350

Loan Status Date

06/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

485914.00

Current Approval Amount

485914.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16318

Servicing Lender Name

Chelsea Groton Bank

Servicing Lender Address

1 Franklin Sq

Servicing Lender City

NORWICH

Servicing Lender State

CT

Servicing Lender Zip

06360-5825

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EAST HADDAM

Project County Name

MIDDLESEX

Project State

CT

Project Zip

06423-1350

CD

CT-02

Jobs Reported

35

NAICS Code

336413

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

32394.27

Payroll Proceed

388731.20

Mortgage Interest Proceed

0.00

Rent Proceed

32394.27

Refinance EIDL Proceed

0.00

Health Care Proceed

32394.26

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

16318

Originating Lender

Chelsea Groton Bank

Originating Lender City

NORWICH

Originating Lender State

CT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

490799.77

Forgiveness Date

04/20/2021

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