PPP Loan information for Rhode island novelty inc.

$2,000,000

Rhode island novelty inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/23/2021 by The Manufacturers and Traders Trust Company reported 130 jobs and $2,000,000 was used to fund payroll.

Rhode island novelty inc. is Existing or more than 2 years old

PPP Loan Search / MA / Fall River / Rhode island novelty inc.

RHODE ISLAND NOVELTY INC.

Date Approved

01/23/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

RHODE ISLAND NOVELTY INC.

Borrower Address

350 Commerce Dr

Borrower City

Fall River

Borrower State

MA

Borrower Zip

02720-4746

Loan Status Date

01/08/2022

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

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Fall River

Project County Name

BRISTOL

Project State

MA

Project Zip

02720-4746

CD

MA-04

Jobs Reported

130

NAICS Code

423920

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999997.00

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

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2017369.86

Forgiveness Date

12/16/2021

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