Ambisco

$503,500 PPP Loan in Somerville, Massachusetts

Loan Details

Loan Number
5677987109
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$503,500
Current Approval
$503,500
Forgiveness Amount
$510,339
Forgiveness Date
Aug 25, 2021
Term
60 months
Draw
First Draw

Business Information

Business Name
Ambisco
Address
55 Chester Street
ZIP Code
02144-2822
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
48
Estimated Revenue
$8.5M
Rural/Urban
Urban
Congressional District
MA-07

Loan Use Breakdown

Payroll
$378,000
Rent
$26,000
Utilities
$68,000
Health Care
$12,500
Mortgage Interest
$19,000

Lender Information

Servicing Lender
Digital Fcu
Originating Lender
Digital Fcu

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