Tropical Products, Inc.
$225,700 PPP Loan in Salem, Massachusetts
Loan Details
- Loan Number
- 5104817107
- Date Approved
- Apr 13, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $225,700
- Current Approval
- $225,700
- Forgiveness Amount
- $228,133
- Forgiveness Date
- May 17, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Tropical Products, Inc.
- Address
- 220 Highland Ave
- City
- Salem
- State
- Massachusetts
- ZIP Code
- 01970-1842
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (325620)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 11
- Estimated Revenue
- $10.9M
- Rural/Urban
- Urban
- Congressional District
- MA-06
Loan Use Breakdown
- Payroll
- $225,700
Lender Information
- Servicing Lender
- Salem Five Cents Savings Bank
- Originating Lender
- Salem Five Cents Savings Bank
Other PPP Loans in Salem, MA
| Business | Approved | |
|---|---|---|
| Salem Glass Company | $2,922,458 |  AI Deep Dive |
| E. Amanti & Sons, Inc. | $2,806,432 | AI Deep Dive |
| Peabody Essex Museum, Inc. | $2,507,000 | AI Deep Dive |
| Groom Construction Co., Inc. | $2,135,995 | AI Deep Dive |
| The Salem Glass Co | $2,000,000 | AI Deep Dive |
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