New England Industrial Supply

$283,000 PPP Loan in Everett, Massachusetts

Loan Details

Loan Number
3584847202
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$283,000
Current Approval
$283,000
Forgiveness Amount
$196,304
Forgiveness Date
Feb 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
New England Industrial Supply
Address
220 Broadway
ZIP Code
02149
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (323111)
Business Age
Existing or more than 2 years old
Jobs Reported
21
Estimated Revenue
$20.8M
Rural/Urban
Urban
Congressional District
MA-07

Loan Use Breakdown

Payroll
$239,293
Rent
$26,136
Utilities
$17,570

Lender Information

Servicing Lender
Eagle Bank
Originating Lender
Eagle Bank

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