PPP Loan information for Russco inc

$624,100

Russco inc was initially approved for PPP Loan of amount $624,100, the current approved amount is $624,100. The loan was approved on 04/04/2020 by The Mechanics Cooperative Bank reported 28 jobs and $624,100 was used to fund payroll.

Russco inc is Existing or more than 2 years old

PPP Loan Search / MA / FALL RIVER / Russco inc

RUSSCO INC

Date Approved

04/04/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

RUSSCO INC

Borrower Address

565 COMMERCE DR Ste 2

Borrower City

FALL RIVER

Borrower State

MA

Borrower Zip

02720-4757

Loan Status Date

05/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

624100.00

Current Approval Amount

624100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89240

Servicing Lender Name

Mechanics Cooperative Bank

Servicing Lender Address

308 Bay St

Servicing Lender City

TAUNTON

Servicing Lender State

MA

Servicing Lender Zip

02780-1834

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

02720-4757

CD

MA-04

Jobs Reported

28

NAICS Code

236220

Race

White

Ethnicity

Hispanic or Latino

Utilities Proceed

13200.00

Payroll Proceed

587900.00

Mortgage Interest Proceed

0.00

Rent Proceed

23000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

89240

Originating Lender

Mechanics Cooperative Bank

Originating Lender City

TAUNTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

630236.98

Forgiveness Date

04/05/2021

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