PPP Loan information for Somalabs, inc

$87,000

Somalabs, inc was initially approved for PPP Loan of amount $87,000, the current approved amount is $87,000. The loan was approved on 04/11/2020 by The Cambridge Savings Bank reported 6 jobs and $87,000 was used to fund payroll.

Somalabs, inc is Existing or more than 2 years old

PPP Loan Search / VT / FAIRFAX / Somalabs, inc

SOMALABS, INC

Date Approved

04/11/2020

SBA Office Code

0150

Processing Method

PPP

Borrower Name

SOMALABS, INC

Borrower Address

308 INDUSTRIAL PARK RD

Borrower City

FAIRFAX

Borrower State

VT

Borrower Zip

05454-4414

Loan Status Date

06/07/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

87000.00

Current Approval Amount

87000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32698

Servicing Lender Name

Cambridge Savings Bank

Servicing Lender Address

1374 Massachusetts Ave

Servicing Lender City

CAMBRIDGE

Servicing Lender State

MA

Servicing Lender Zip

02138-3822

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FAIRFAX

Project County Name

FRANKLIN

Project State

VT

Project Zip

05454-4414

CD

VT-

Jobs Reported

6

NAICS Code

325411

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

87000.00

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

32698

Originating Lender

Cambridge Savings Bank

Originating Lender City

CAMBRIDGE

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

39241.88

Forgiveness Date

03/24/2021

;