PPP Loan information for Wellspring wireless, inc.

$251,000

Wellspring wireless, inc. was initially approved for PPP Loan of amount $251,000, the current approved amount is $251,000. The loan was approved on 04/15/2020 by The Meridian Bank reported 14 jobs and $251,000 was used to fund payroll.

Wellspring wireless, inc. is Existing or more than 2 years old

PPP Loan Search / PA / BENSALEM / Wellspring wireless, inc.

WELLSPRING WIRELESS, INC.

Date Approved

04/15/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

WELLSPRING WIRELESS, INC.

Borrower Address

3580 Progress Drive, Suite L

Borrower City

BENSALEM

Borrower State

PA

Borrower Zip

19020

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

251000.00

Current Approval Amount

251000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378591

Servicing Lender Name

Meridian Bank

Servicing Lender Address

9 Old Lincoln Hwy

Servicing Lender City

MALVERN

Servicing Lender State

PA

Servicing Lender Zip

19355-2551

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BENSALEM

Project County Name

BUCKS

Project State

PA

Project Zip

19020-0001

CD

PA-01

Jobs Reported

14

NAICS Code

423690

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1000.00

Payroll Proceed

180000.00

Mortgage Interest Proceed

0.00

Rent Proceed

16000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

54000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

378591

Originating Lender

Meridian Bank

Originating Lender City

MALVERN

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

242386.58

Forgiveness Date

11/23/2020

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