New England Recycling Company INC

$749,300 PPP Loan in Taunton, Massachusetts

Loan Details

Loan Number
4367257004
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$749,300
Current Approval
$749,500
Forgiveness Amount
$754,101
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
New England Recycling Company INC
Address
490 Winthrop St
ZIP Code
02780-2185
Business Type
Corporation
Industry (NAICS)
Administrative and Support and Waste Management (562920)
Business Age
Existing or more than 2 years old
Jobs Reported
61
Estimated Revenue
$11.5M
Rural/Urban
Urban
Congressional District
MA-04

Loan Use Breakdown

Payroll
$600,000
Rent
$70,000
Utilities
$30,000
Health Care
$20,000
Debt Interest
$29,500

Lender Information

Servicing Lender
Mechanics Cooperative Bank
Originating Lender
Mechanics Cooperative Bank

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