PPP Loan information for Newport construction corporation

$2,000,000

Newport construction corporation was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 03/20/2021 by The Merrimack County Savings Bank reported 176 jobs and $2,000,000 was used to fund payroll.

Newport construction corporation is Existing or more than 2 years old

PPP Loan Search / NH / Nashua / Newport construction corporation

NEWPORT CONSTRUCTION CORPORATION

Date Approved

03/20/2021

SBA Office Code

0189

Processing Method

PPS

Borrower Name

NEWPORT CONSTRUCTION CORPORATION

Borrower Address

145 Temple St

Borrower City

Nashua

Borrower State

NH

Borrower Zip

03060-3595

Loan Status Date

03/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

42989

Servicing Lender Name

Merrimack County Savings Bank

Servicing Lender Address

89 N Main St

Servicing Lender City

CONCORD

Servicing Lender State

NH

Servicing Lender Zip

03301-4935

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Nashua

Project County Name

HILLSBOROUGH

Project State

NH

Project Zip

03060-3595

CD

NH-02

Jobs Reported

176

NAICS Code

237310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1999995.00

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

42989

Originating Lender

Merrimack County Savings Bank

Originating Lender City

CONCORD

Originating Lender State

NH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2018191.78

Forgiveness Date

02/22/2022

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