New England Propeller Service, Inc.

$485,914 PPP Loan in East Haddam, Connecticut

Loan Details

Loan Number
3168207101
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$485,914
Current Approval
$485,914
Forgiveness Amount
$490,800
Forgiveness Date
Apr 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
New England Propeller Service, Inc.
Address
6 Matthews Dr
ZIP Code
06423-1350
Business Type
Corporation
Industry (NAICS)
Manufacturing (336413)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$9.2M
Rural/Urban
Urban
Congressional District
CT-02

Loan Use Breakdown

Payroll
$388,731
Rent
$32,394
Utilities
$32,394
Health Care
$32,394

Lender Information

Servicing Lender
Chelsea Groton Bank
Originating Lender
Chelsea Groton Bank

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