PPP Loan information for Sterling machine company inc

$494,000

Sterling machine company inc was initially approved for PPP Loan of amount $494,000, the current approved amount is $494,000. The loan was approved on 01/28/2021 by The Manufacturers and Traders Trust Company reported 26 jobs and $494,000 was used to fund payroll.

Sterling machine company inc is Existing or more than 2 years old

PPP Loan Search / MA / Lynn / Sterling machine company inc

STERLING MACHINE COMPANY INC

Date Approved

01/28/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

STERLING MACHINE COMPANY INC

Borrower Address

23 Farrar St

Borrower City

Lynn

Borrower State

MA

Borrower Zip

01901-1601

Loan Status Date

02/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

494000.00

Current Approval Amount

494000.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lynn

Project County Name

ESSEX

Project State

MA

Project Zip

01901-1601

CD

MA-06

Jobs Reported

26

NAICS Code

332721

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

493995.00

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

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

498574.58

Forgiveness Date

01/06/2022

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