Sterling Machine Co., Inc.
$494,000 PPP Loan in Lynn, Massachusetts
Loan Details
- Loan Number
- 5115517008
- Date Approved
- Apr 5, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $494,000
- Current Approval
- $494,000
- Forgiveness Amount
- $500,848
- Forgiveness Date
- Sep 2, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Sterling Machine Co., Inc.
- Address
- 23 Farrar St
- City
- Lynn
- State
- Massachusetts
- ZIP Code
- 01901-1601
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (332721)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 30
- Estimated Revenue
- $7.3M
- Rural/Urban
- Urban
- Congressional District
- MA-06
Loan Use Breakdown
- Payroll
- $440,175
- Health Care
- $53,825
Lender Information
- Servicing Lender
- Manufacturers and Traders Trust Company
- Originating Lender
- Manufacturers and Traders Trust Company
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