Utec, Inc.

$843,000 PPP Loan in Lowell, Massachusetts

Loan Details

Loan Number
4371537008
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$843,000
Current Approval
$843,000
Forgiveness Amount
$850,728
Forgiveness Date
Mar 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Utec, Inc.
Address
35 Warren St.
City
Lowell
ZIP Code
01852-2225
Business Type
Non-Profit Organization
Industry (NAICS)
Health Care and Social Assistance (624110)
Business Age
Existing or more than 2 years old
Jobs Reported
87
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Urban
Congressional District
MA-03

Loan Use Breakdown

Payroll
$632,250
Rent
$105,375
Utilities
$105,375

Lender Information

Servicing Lender
Pentucket Bank
Originating Lender
Pentucket Bank

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