Somalabs, INC

$87,000 PPP Loan in Fairfax, Vermont

Loan Details

Loan Number
2599737104
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$87,000
Current Approval
$87,000
Forgiveness Amount
$39,242
Forgiveness Date
Mar 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Somalabs, INC
Address
308 Industrial Park Rd
State
Vermont
ZIP Code
05454-4414
Business Type
Corporation
Industry (NAICS)
Manufacturing (325411)
Business Age
Existing or more than 2 years old
Jobs Reported
6
Estimated Revenue
$6.0M
Rural/Urban
Rural
Congressional District
VT-

Loan Use Breakdown

Payroll
$87,000

Lender Information

Servicing Lender
Cambridge Savings Bank
Originating Lender
Cambridge Savings Bank

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