Federal Wine & Spirits Belmont, INC

$172,227 PPP Loan in Somerville, Massachusetts

Loan Details

Loan Number
4864407209
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$172,227
Current Approval
$172,227
Forgiveness Amount
$173,428
Forgiveness Date
Jan 13, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Federal Wine & Spirits Belmont, INC
Address
9 Sanborn Ct
ZIP Code
02143
Business Type
Subchapter S Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MA-07

Loan Use Breakdown

Payroll
$132,227
Rent
$24,000
Utilities
$16,000

Lender Information

Servicing Lender
Eastern Bank
Originating Lender
Eastern Bank

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