PPP Loan information for Terc inc

$1,402,900

Terc inc was initially approved for PPP Loan of amount $1,402,900, the current approved amount is $1,402,900. The loan was approved on 04/15/2020 by The East Cambridge Savings Bank reported 89 jobs and $1,402,900 was used to fund payroll.

Terc inc is Existing or more than 2 years old

PPP Loan Search / MA / CAMBRIDGE / Terc inc

TERC INC

Date Approved

04/15/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

TERC INC

Borrower Address

2067 MASSACHUSETTS AVE

Borrower City

CAMBRIDGE

Borrower State

MA

Borrower Zip

02140-1340

Loan Status Date

05/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1402900.00

Current Approval Amount

1402900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32730

Servicing Lender Name

East Cambridge Savings Bank

Servicing Lender Address

292 Cambridge St

Servicing Lender City

CAMBRIDGE

Servicing Lender State

MA

Servicing Lender Zip

02141-1203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CAMBRIDGE

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02140-1340

CD

MA-05

Jobs Reported

89

NAICS Code

611710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1402900.00

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

Non-Profit Organization

Originating Lender Location Id

32730

Originating Lender

East Cambridge Savings Bank

Originating Lender City

CAMBRIDGE

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1414961.37

Forgiveness Date

03/09/2021

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