PPP Loan information for Newport music co inc

$69,300

Newport music co inc was initially approved for PPP Loan of amount $69,300, the current approved amount is $69,300. The loan was approved on 04/14/2020 by The Berkshire Bank reported 9 jobs and $69,300 was used to fund payroll.

Newport music co inc is Existing or more than 2 years old

PPP Loan Search / RI / PORTSMOUTH / Newport music co inc

NEWPORT MUSIC CO INC

Date Approved

04/14/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

NEWPORT MUSIC CO INC

Borrower Address

849 Union St

Borrower City

PORTSMOUTH

Borrower State

RI

Borrower Zip

02871

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

69300.00

Current Approval Amount

69300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33209

Servicing Lender Name

Berkshire Bank

Servicing Lender Address

99 North St

Servicing Lender City

PITTSFIELD

Servicing Lender State

MA

Servicing Lender Zip

01201-5114

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PORTSMOUTH

Project County Name

NEWPORT

Project State

RI

Project Zip

02871-0001

CD

RI-01

Jobs Reported

9

NAICS Code

532490

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

69300.00

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

33209

Originating Lender

Berkshire Bank

Originating Lender City

PITTSFIELD

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

69909.46

Forgiveness Date

03/25/2021

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