PPP Loan information for Reel tape solutions inc

$75,000

Reel tape solutions inc was initially approved for PPP Loan of amount $75,000, the current approved amount is $75,000. The loan was approved on 01/30/2021 by The Eastern Bank reported 5 jobs and $75,000 was used to fund payroll.

Reel tape solutions inc is Existing or more than 2 years old

PPP Loan Search / MA / Beverly / Reel tape solutions inc

REEL TAPE SOLUTIONS INC

Date Approved

01/30/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

REEL TAPE SOLUTIONS INC

Borrower Address

54 Lp Henderson Rd

Borrower City

Beverly

Borrower State

MA

Borrower Zip

01915-1024

Loan Status Date

01/13/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

75000.00

Current Approval Amount

75000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32987

Servicing Lender Name

Eastern Bank

Servicing Lender Address

265 Franklin St

Servicing Lender City

BOSTON

Servicing Lender State

MA

Servicing Lender Zip

02110-3113

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Beverly

Project County Name

ESSEX

Project State

MA

Project Zip

01915-1024

CD

MA-06

Jobs Reported

5

NAICS Code

424130

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

74998.00

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

Subchapter S Corporation

Originating Lender Location Id

32987

Originating Lender

Eastern Bank

Originating Lender City

BOSTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

75641.67

Forgiveness Date

12/08/2021

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