Industrial Tool Supply, INC

$313,700 PPP Loan in Lowell, Massachusetts

Loan Details

Loan Number
4542607000
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$313,700
Current Approval
$313,700
Forgiveness Amount
$317,325
Forgiveness Date
Jun 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Industrial Tool Supply, INC
Address
48 Newhall St
City
Lowell
ZIP Code
01852-4122
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423710)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$6.7M
Rural/Urban
Urban
Congressional District
MA-03

Loan Use Breakdown

Payroll
$229,400
Rent
$24,000
Utilities
$15,000
Health Care
$45,300

Lender Information

Servicing Lender
Enterprise Bank and Trust Company
Originating Lender
Enterprise Bank and Trust Company

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