PPP Loan information for Somerset industries inc

$374,127

Somerset industries inc was initially approved for PPP Loan of amount $374,127, the current approved amount is $374,127. The loan was approved on 03/31/2021 by The Northern Bank and Trust Company reported 19 jobs and $374,127 was used to fund payroll.

Somerset industries inc is Existing or more than 2 years old

PPP Loan Search / MA / Lowell / Somerset industries inc

SOMERSET INDUSTRIES INC

Date Approved

03/31/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

SOMERSET INDUSTRIES INC

Borrower Address

137 Phoenix Ave

Borrower City

Lowell

Borrower State

MA

Borrower Zip

01852-4930

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

374127.00

Current Approval Amount

374127.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33494

Servicing Lender Name

Northern Bank and Trust Company

Servicing Lender Address

275 Mishawum Rd, Ste 100

Servicing Lender City

WOBURN

Servicing Lender State

MA

Servicing Lender Zip

01801-8804

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lowell

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01852-4930

CD

MA-03

Jobs Reported

19

NAICS Code

333241

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

374125.00

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

33494

Originating Lender

Northern Bank and Trust Company

Originating Lender City

WOBURN

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

375072.71

Forgiveness Date

07/08/2021

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